Rent in Alcalá de Henares vs Palma
Madrid · Comunidad de Madrid — Illes Balears · Illes Balears · INE data 2026
Renting in Palma is 22% cheaper than in Alcalá de Henares. The difference is €183/month — a saving of €2,196 per year.
€1002/month in Alcalá de Henares vs €819/month in Palma. National average: €648/month.
Context
Alcalá de Henares (Comunidad de Madrid) and Palma (Illes Balears) represent two rental markets from different Spanish autonomous communities. Palma is the more affordable option, saving €183/month compared to Alcalá de Henares. Unemployment in Alcalá de Henares (8.5%) is higher than in Palma (4.3%), which may affect rental demand and purchasing power. On the rent trend, Palma records an annual change of +3.4%, the more pronounced of the two.
Madrid
Illes Balears
Estimated rent
Alcalá de Henares
1002€/month
Palma
819€/month
Annual change
Alcalá de Henares
+2.2%
Palma
+3.4%
INE index (base 2015=100)
Alcalá de Henares
117.9
Palma
126.0
vs national average
Alcalá de Henares
+354€
Palma
+171€
Population
Alcalá de Henares
203,208
Palma
434,786
Per capita income
Alcalá de Henares
15,598€
Palma
16,181€
Rent-to-income ratio
Alcalá de Henares
77.1%
Palma
60.7%
Where is it better to rent?
In terms of rent, Palma is the more affordable option at €819/month, 22% less than Alcalá de Henares (€1002/month). Living in Palma saves €2,196 per year compared to Alcalá de Henares.
Alcalá de Henares
Madrid · Comunidad de Madrid
1002€/month
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Palma
Illes Balears · Illes Balears
819€/month
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Cost of living guides
More comparisons with Alcalá de Henares
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →