Rent in Palma vs Vigo
Illes Balears · Illes Balears — Pontevedra · Galicia · INE data 2026
Renting in Vigo 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 Vigo. National average: €648/month.
Context
Palma (Illes Balears) and Vigo (Galicia) represent two rental markets from different Spanish autonomous communities. Vigo is the more affordable option, saving €254/month compared to Palma. Unemployment in Vigo (10.7%) 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
Palma
819€/month
Vigo
565€/month
Annual change
Palma
+3.4%
Vigo
+2.4%
INE index (base 2015=100)
Palma
126.0
Vigo
115.4
vs national average
Palma
+171€
Vigo
-83€
Population
Palma
434,786
Vigo
294,489
Per capita income
Palma
16,181€
Vigo
15,359€
Rent-to-income ratio
Palma
60.7%
Vigo
44.1%
Where is it better to rent?
In terms of rent, Vigo is the more affordable option at €565/month, 45% less than Palma (€819/month). Living in Vigo saves €3,048 per year compared to Palma.
Palma
Illes Balears · Illes Balears
819€/month
View full profile →
Vigo
Pontevedra · Galicia
565€/month
View full profile →
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 →