Rent in Granada vs Palma
Granada · Andalucía — Illes Balears · Illes Balears · INE data 2026
Renting in Granada is 30% cheaper than in Palma. The difference is €247/month — a saving of €2,964 per year.
€572/month in Granada vs €819/month in Palma. National average: €648/month.
Context
Granada (Andalucía) and Palma (Illes Balears) represent two rental markets from different Spanish autonomous communities. Granada is the more affordable option, saving €247/month compared to Palma. Unemployment in Granada (17.9%) is higher than in Palma (4.3%), which may affect rental demand and purchasing power.
Estimated rent
Granada
572€/month
Palma
819€/month
Annual change
Granada
+3%
Palma
+3.4%
INE index (base 2015=100)
Granada
119.1
Palma
126.0
vs national average
Granada
-76€
Palma
+171€
Population
Granada
233,975
Palma
434,786
Per capita income
Granada
16,024€
Palma
16,181€
Rent-to-income ratio
Granada
42.8%
Palma
60.7%
Where is it better to rent?
In terms of rent, Granada is the more affordable option at €572/month, 30% less than Palma (€819/month). Living in Granada saves €2,964 per year compared to Palma.
Granada
Granada · Andalucía
572€/month
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Palma
Illes Balears · Illes Balears
819€/month
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Cost of living guides
More comparisons with Granada
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →