Rent in Palma vs Valladolid
Illes Balears · Illes Balears — Valladolid · Castilla y León · INE data 2026
Renting in Valladolid is 55% cheaper than in Palma. The difference is €292/month — a saving of €3,504 per year.
€819/month in Palma vs €527/month in Valladolid. National average: €648/month.
Context
Palma (Illes Balears) and Valladolid (Castilla y León) represent two rental markets from different Spanish autonomous communities. Valladolid is the more affordable option, saving €292/month compared to Palma. Unemployment in Valladolid (10%) 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.
Illes Balears
Valladolid
Estimated rent
Palma
819€/month
Valladolid
527€/month
Annual change
Palma
+3.4%
Valladolid
+2%
INE index (base 2015=100)
Palma
126.0
Valladolid
114.6
vs national average
Palma
+171€
Valladolid
-121€
Population
Palma
434,786
Valladolid
302,614
Per capita income
Palma
16,181€
Valladolid
16,356€
Rent-to-income ratio
Palma
60.7%
Valladolid
38.7%
Where is it better to rent?
In terms of rent, Valladolid is the more affordable option at €527/month, 55% less than Palma (€819/month). Living in Valladolid saves €3,504 per year compared to Palma.
Palma
Illes Balears · Illes Balears
819€/month
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Valladolid
Valladolid · Castilla y León
527€/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 →