Cost of living comparison

compared to

Palma De Mallorca vs. Reykjavik Cost of Living Summary

Palma De Mallorca is 19.8% cheaper than Reykjavik.

Restaurants: pay 22.5% less in Palma De Mallorca
Groceries: pay 40.0% less in Palma De Mallorca
Transportation: pay 35.2% less in Palma De Mallorca
Housing: pay 20.3% more in Palma De Mallorca
Childcare: pay 14.7% more in Palma De Mallorca
Entertainment and Sports: pay 46.5% less in Palma De Mallorca
Clothing: pay 29.6% less in Palma De Mallorca

The cost of housing and childcare in Palma De Mallorca are more expensive than in Reykjavik. Expenses including entertainment and sports, groceries, transportation, clothing, and restaurants are lower in Palma De Mallorca.

Palma De Mallorca vs. Reykjavik Cost Breakdown

If you lived in Palma De Mallorca instead of Reykjavik, you would:

Display currency: USD

pay 22.5% less for restaurants

	Reykjavik	Palma De Mallorca
Basic meal with drink at inexpensive restaurant	$27.48 ISK3,517	$17.52 €15.05	-36.2%
Fast food combo meal McDonalds, or similar	$22.76 ISK2,913	$14.02 €12.04	-38.4%
Bottle of Coca-Cola (11 fl. oz)	$3.34 ISK427	$2.73 €2.34	-18.2%
Bottle of water (11 fl. oz)	$2.70 ISK345	$2.77 €2.38	+2.9%
Average			-22.5%

Reykjavik vs. Palma De Mallorca - Cost of restaurants

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pay 40.0% less for groceries

	Reykjavik	Palma De Mallorca
Bread 1 loaf	$4.63 ISK593	$1.40 €1.20	-69.8%
Local cheese (8 oz)	$9.44 ISK1,208	$8.18 €7.02	-13.4%
Milk (1 gallon)	$7.63 ISK976	$5.00 €4.29	-34.5%
Eggs 1 dozen	$6.50 ISK832	$3.44 €2.95	-47.1%
Boneless chicken breast (1 lb)	$11.29 ISK1,445	$3.98 €3.42	-64.8%
Apples (1 lb)	$1.59 ISK204	$1.16 €1.00	-27.1%
Bananas (1 lb)	$1.17 ISK150	$0.84 €0.72	-27.9%
Oranges (1 lb)	$1.49 ISK190	$0.86 €0.74	-42.5%
Tomatoes (1 lb)	$2.54 ISK325	$1.31 €1.13	-48.2%
Potatoes (1 lb)	$1.70 ISK217	$0.83 €0.71	-51.3%
Onions (1 lb)	$1.13 ISK145	$0.98 €0.84	-13.3%
Average			-40.0%

Reykjavik vs. Palma De Mallorca - Cost of groceries

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pay 35.2% less for transportation

	Reykjavik	Palma De Mallorca
Gasoline (1 gallon)	$9.66 ISK1,236	$6.91 €5.94	-28.4%
Monthly public transit pass	$88.58 ISK11,337	$43.80 €37.62	-50.6%
New Volkswagen Golf 1.4 (standard edition)	$50,771.00 ISK6,497,672	$38,969.97 €33,467.84	-23.2%
Taxi trip in downtown area (5 miles)	$28.07 ISK3,592	$17.17 €14.75	-38.8%
Average			-35.2%

Reykjavik vs. Palma De Mallorca - Cost of transportation

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pay 20.3% more for housing

	Reykjavik	Palma De Mallorca
Internet connection 50 mbps or faster, cable/dsl	$81.97 ISK10,490	$41.85 €35.94	-48.9%
1-Bedroom apartment in downtown area	$2,259.48 ISK289,169	$1,386.99 €1,191.16	-38.6%
1-Bedroom apartment outside city center	$2,034.90 ISK260,427	$1,061.81 €911.89	-47.8%
Utilities for two (700 sq ft apartment) including electric, gas, water, heating	$60.87 ISK7,791	$192.59 €165.40	+216.4%
Average			+20.3%

Reykjavik vs. Palma De Mallorca - Cost of housing

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pay 14.7% more for childcare

	Reykjavik	Palma De Mallorca
Private preschool for 1 child, monthly	$327.78 ISK41,949	$616.44 €529.40	+88.1%
Middle school for 1 child, two semesters	$30,711.08 ISK3,930,404	$12,701.89 €10,908.52	-58.6%
Average			+14.7%

Reykjavik vs. Palma De Mallorca - Cost of childcare

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pay 46.5% less for entertainment and sports

	Reykjavik	Palma De Mallorca
Domestic/local beer (1 pint)	$13.12 ISK1,680	$4.67 €4.01	-64.4%
Cappuccino in mid-range area	$6.17 ISK790	$3.39 €2.91	-45.1%
Pack of cigarettes Marlboro or similar	$13.94 ISK1,783	$7.01 €6.02	-49.7%
Monthly membership at local gym	$87.35 ISK11,179	$60.40 €51.87	-30.9%
Movie ticket to theater/cinema	$17.18 ISK2,199	$9.93 €8.53	-42.2%
Average			-46.5%

Reykjavik vs. Palma De Mallorca - Cost of entertainment and sports

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pay 29.6% less for clothing

	Reykjavik	Palma De Mallorca
Regular jeans Levi's brand	$145.10 ISK18,569	$95.39 €81.92	-34.3%
Regular dress from H&M or similar store	$63.97 ISK8,187	$68.13 €58.51	+6.5%
Running shoes Nike or Adidas	$193.43 ISK24,755	$101.81 €87.44	-47.4%
Men's business shoes (leather)	$248.79 ISK31,840	$141.13 €121.21	-43.3%
Average			-29.6%

Reykjavik vs. Palma De Mallorca - Cost of clothing

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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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