Rent in Bilbao vs Palma
Vizcaya · País Vasco — Illes Balears · Illes Balears · INE data 2026
Renting in Palma is 7% cheaper than in Bilbao. The difference is €53.299999999999955/month — a saving of €639.6 per year.
€872.3/month in Bilbao vs €819/month in Palma. National average: €648/month.
Context
Bilbao (País Vasco) and Palma (Illes Balears) represent two rental markets from different Spanish autonomous communities. Palma is the more affordable option, saving €53.299999999999955/month compared to Bilbao. Unemployment in Bilbao (11.8%) 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.
Estimated rent
Bilbao
872.3€/month
Palma
819€/month
Annual change
Bilbao
+2.4%
Palma
+3.4%
INE index (base 2015=100)
Bilbao
123.6
Palma
126.0
vs national average
Bilbao
+224.29999999999995€
Palma
+171€
Population
Bilbao
351,124
Palma
434,786
Per capita income
Bilbao
19,478€
Palma
16,181€
Rent-to-income ratio
Bilbao
53.7%
Palma
60.7%
Where is it better to rent?
In terms of rent, Palma is the more affordable option at €819/month, 7% less than Bilbao (€872.3/month). Living in Palma saves €639.6 per year compared to Bilbao.
Bilbao
Vizcaya · País Vasco
872.3€/month
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Palma
Illes Balears · Illes Balears
819€/month
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Cost of living guides
More comparisons with Bilbao
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →