Cost of Living: Madrid vs Palma de Mallorca for Indian Students (2026)

Deciding between Madrid and Palma de Mallorca for your studies? This comparison breaks down monthly living costs for both cities — rent, food, utilities, and transport — converted to INR so you can plan your education loan with confidence.

Monthly Cost Comparison — Madrid vs Palma de Mallorca (2026)

Category Madrid Palma de Mallorca
Accommodation (3BR outside ÷ 3) ₹56,305 ₹51,046
Food ₹32,430 ₹30,268
Utilities ₹20,483 ₹25,717
Transport ₹0 ₹0
Total / month ₹1,09,218 ₹1,07,031
Total / year ₹13,10,616 ₹12,84,374

Note: Budget preset: shared 3BR outside city centre ÷ 3 people, 5 meals/week, basic utilities. Comfortable preset: 1BR city centre, daily restaurant meals, full utilities, gym.

Which City is Cheaper for Indian Students?

Palma de Mallorca is 2% cheaper than Madrid per month — saving approximately ₹2,187 every month or ₹26,244 annually on a budget lifestyle.

Madrid ₹1,09,218
Palma de Mallorca ₹1,07,031

Cost of Living in Madrid vs India

Accommodation Type Madrid India (metro avg)
1BR, city centre (full cost) ₹1,41,872 ₹35,000
1BR, outside centre (full cost) ₹1,04,979 ₹25,000
3BR, city centre ÷ 3 people ₹83,540 ₹21,000
3BR, outside centre ÷ 3 people ₹56,306 ₹15,000

Note: 3BR costs shown per person ÷ 3 occupants by default. Use the calculator to adjust the split.

Explore Each City in Detail

Full Madrid Breakdown

Moderate

From

₹109,218/mo

View full breakdown

Full Palma de Mallorca Breakdown

Moderate

From

₹107,031/mo

View full breakdown

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FAQ's

Is Madrid or Palma de Mallorca cheaper for students?
Palma de Mallorca is 2% cheaper than Madrid per month — saving approximately ₹2,187 every month or ₹26,244 annually on a budget lifestyle.
How much more expensive is Madrid vs Palma de Mallorca?
Check the monthly comparison table and the savings block for the latest difference per month and per year in INR.
Which city is better for Indian students — Madrid or Palma de Mallorca?
That depends on your university shortlist, rent tolerance, and funding plan. This page is designed to make the living-cost tradeoff obvious.
Do these comparison totals include tuition fees for Madrid or Palma de Mallorca?
No. The compare page covers recurring living costs only, so tuition and one-time destination expenses still need to be added separately.
What education loan do I need after using this comparison?
Use the cheaper-vs-costlier view here as your living-cost input, then combine it with tuition to estimate the total funding requirement before checking loan eligibility.

These figures are planning estimates and can vary by lifestyle, location within city, and market conditions.

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