Rent in Palma vs Santander
Illes Balears · Illes Balears — Cantabria · Cantabria · INE data 2026
Renting in Santander is 45% cheaper than in Palma. The difference is €254/month — a saving of €3,048 per year.
€819/month in Palma vs €565/month in Santander. National average: €648/month.
Context
Palma (Illes Balears) and Santander (Cantabria) represent two rental markets from different Spanish autonomous communities. Santander is the more affordable option, saving €254/month compared to Palma. Unemployment in Santander (10.6%) is higher than in Palma (4.3%), which may affect rental demand and purchasing power.
Estimated rent
Palma
819€/month
Santander
565€/month
Annual change
Palma
+3.4%
Santander
+2.5%
INE index (base 2015=100)
Palma
126.0
Santander
115.4
vs national average
Palma
+171€
Santander
-83€
Population
Palma
434,786
Santander
175,425
Per capita income
Palma
16,181€
Santander
16,389€
Rent-to-income ratio
Palma
60.7%
Santander
41.4%
Where is it better to rent?
In terms of rent, Santander is the more affordable option at €565/month, 45% less than Palma (€819/month). Living in Santander saves €3,048 per year compared to Palma.
Palma
Illes Balears · Illes Balears
819€/month
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Santander
Cantabria · Cantabria
565€/month
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Cost of living guides
More comparisons with Palma
Official source
Instituto Nacional de Estadística
Organismo estadístico oficial del Estado español
www.ine.es View source →