Cost of living comparison
compared to
Iceland vs. Palma De Mallorca Cost of Living Summary
Iceland is 53.1% more expensive than Palma De Mallorca.
- Restaurants
-
pay 28.9% more in Iceland
- Groceries
-
pay 76.2% more in Iceland
- Transportation
-
pay 49.0% more in Iceland
- Housing
-
pay 49.9% more in Iceland
- Childcare
-
pay 48.1% more in Iceland
- Entertainment and Sports
-
pay 80.2% more in Iceland
- Clothing
-
pay 39.2% more in Iceland
The cost of entertainment and sports, groceries, housing, transportation, childcare, and clothing in Iceland are more expensive than in Palma De Mallorca. Notably, entertainment and sports and groceries are significantly more expensive in Iceland.
Iceland vs. Palma De Mallorca Cost Breakdown
If you lived in Iceland instead of Palma De Mallorca, you would:
pay 28.9% more for restaurants
|
Palma De Mallorca
|
Iceland
|
||
|---|---|---|---|
| Basic meal with drink at inexpensive restaurant |
$17.52
€14.96
|
$26.52
ISK3,332
|
|
|
Fast food combo meal
McDonalds, or similar
|
$14.02
€11.97
|
$21.32
ISK2,678
|
|
| Bottle of Coca-Cola (11 fl. oz) |
$2.73
€2.33
|
$3.11
ISK391
|
|
| Bottle of water (11 fl. oz) |
$2.77
€2.37
|
$2.72
ISK342
|
|
Palma De Mallorca vs. Iceland - Cost of restaurants
pay 76.2% more for groceries
|
Palma De Mallorca
|
Iceland
|
||
|---|---|---|---|
|
Bread
1 loaf
|
$1.40
€1.20
|
$3.80
ISK478
|
|
| Local cheese (8 oz) |
$8.18
€6.98
|
$9.44
ISK1,186
|
|
| Milk (1 gallon) |
$5.00
€4.27
|
$7.78
ISK977
|
|
|
Eggs
1 dozen
|
$3.44
€2.94
|
$6.71
ISK843
|
|
| Boneless chicken breast (1 lb) |
$3.98
€3.40
|
$11.22
ISK1,409
|
|
| Apples (1 lb) |
$1.16
€0.99
|
$1.50
ISK188
|
|
| Bananas (1 lb) |
$0.84
€0.72
|
$1.15
ISK144
|
|
| Oranges (1 lb) |
$0.86
€0.73
|
$1.41
ISK178
|
|
| Tomatoes (1 lb) |
$1.31
€1.12
|
$2.34
ISK294
|
|
| Potatoes (1 lb) |
$0.83
€0.70
|
$1.65
ISK207
|
|
| Onions (1 lb) |
$0.98
€0.84
|
$1.09
ISK137
|
|
Palma De Mallorca vs. Iceland - Cost of groceries
pay 49.0% more for transportation
|
Palma De Mallorca
|
Iceland
|
||
|---|---|---|---|
| Gasoline (1 gallon) |
$6.91
€5.90
|
$9.65
ISK1,213
|
|
| Monthly public transit pass |
$43.80
€37.40
|
$79.56
ISK9,995
|
|
| New Volkswagen Golf 1.4 (standard edition) |
$38,969.97
€33,274.98
|
$49,144.25
ISK6,173,992
|
|
| Taxi trip in downtown area (5 miles) |
$17.17
€14.66
|
$25.55
ISK3,210
|
|
Palma De Mallorca vs. Iceland - Cost of transportation
pay 49.9% more for housing
|
Palma De Mallorca
|
Iceland
|
||
|---|---|---|---|
|
Internet connection
50 mbps or faster, cable/dsl
|
$41.85
€35.74
|
$95.65
ISK12,016
|
|
| 1-Bedroom apartment in downtown area |
$1,386.99
€1,184.30
|
$2,289.17
ISK287,588
|
|
| 1-Bedroom apartment outside city center |
$1,061.81
€906.64
|
$1,830.04
ISK229,909
|
|
|
Utilities for two
(700 sq ft apartment)
including electric, gas, water, heating
|
$192.59
€164.44
|
$65.15
ISK8,185
|
|
Palma De Mallorca vs. Iceland - Cost of housing
pay 48.1% more for childcare
|
Palma De Mallorca
|
Iceland
|
||
|---|---|---|---|
| Private preschool for 1 child, monthly |
$616.44
€526.35
|
$334.67
ISK42,044
|
|
| Middle school for 1 child, two semesters |
$12,701.89
€10,845.66
|
$30,711.08
ISK3,858,233
|
|
Palma De Mallorca vs. Iceland - Cost of childcare
pay 80.2% more for entertainment and sports
|
Palma De Mallorca
|
Iceland
|
||
|---|---|---|---|
| Domestic/local beer (1 pint) |
$4.67
€3.99
|
$11.14
ISK1,400
|
|
| Cappuccino in mid-range area |
$3.39
€2.89
|
$5.62
ISK707
|
|
|
Pack of cigarettes
Marlboro or similar
|
$7.01
€5.98
|
$13.90
ISK1,746
|
|
| Monthly membership at local gym |
$60.40
€51.57
|
$78.17
ISK9,821
|
|
| Movie ticket to theater/cinema |
$9.93
€8.48
|
$16.75
ISK2,105
|
|
Palma De Mallorca vs. Iceland - Cost of entertainment and sports
pay 39.2% more for clothing
|
Palma De Mallorca
|
Iceland
|
||
|---|---|---|---|
|
Regular jeans
Levi's brand
|
$95.39
€81.45
|
$130.91
ISK16,446
|
|
|
Regular dress
from H&M or similar store
|
$68.13
€58.18
|
$61.83
ISK7,768
|
|
|
Running shoes
Nike or Adidas
|
$101.81
€86.93
|
$163.81
ISK20,580
|
|
| Men's business shoes (leather) |
$141.13
€120.51
|
$237.31
ISK29,813
|
|
Palma De Mallorca vs. Iceland - Cost of clothing
The statistics used to build this comparison are calculated using data from users just like you.
We average the price of thousands of data points entered by users across the world.
Learn more about our data sources. Page last updated: December 2025
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