Your complete 2026 guide to retiring in Palma de Mallorca, Spain. Costs, visa options, healthcare, safety, and quality of life — all in one place.
| Category | Single | Couple |
|---|---|---|
| Rent (1BR / 2BR) | $850 | $1,190 |
| Groceries | $300 | $450 |
| Utilities | $120 | $156 |
| Transport | $45 | $90 |
| Healthcare | $75 | $128 |
| Total | $1,390 | $2,014 |
Based on current cost of living in Palma de Mallorca, here's how long different savings amounts will sustain you:
| Savings | Single | Couple |
|---|---|---|
| $200,000 | 12.0 yrs | 8.3 yrs |
| $300,000 | 18.0 yrs | 12.4 yrs |
| $500,000 | 30.0 yrs | 20.7 yrs |
| $750,000 | 45.0 yrs | 31.0 yrs |
| $1.0M | 60.0 yrs | 41.4 yrs |
Assumes current costs, no investment returns or inflation adjustment. Calculate with your exact numbers →
Here are the visa programs available for retiring in Spain:
~400% of IPREM (~€2,200/mo). Cannot work. PR after 5 years. Citizenship 10 years (2 years for Latin Americans). Taxes worldwide income.
WARNING: Spain announced plans to eliminate Golden Visa in 2024-2025 - verify status. €500K real estate, €1M bank/shares, or €2M bonds. No min stay for renewal.
Launched 2023. ~200% of min wage. Special 24% flat tax (Beckham Law) for 4 years on Spanish-source income.
Tax rates are indicative. Your actual liability depends on residency status, tax treaties, and personal circumstances. Consult a tax advisor.
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Try Wise for Free →A single retiree needs approximately $1,390/month in Palma de Mallorca, covering rent ($850), groceries, utilities, transport, and healthcare. A couple needs about $2,014/month.
Spain offers 3 visa programs for retirees. The most accessible is the Spain Non-Lucrative Visa.
Palma de Mallorca has a safety score of 72/100, ranking #43 out of 182 retirement destinations in our database.
Palma de Mallorca scores 72/100 for healthcare quality, ranking #45 out of 182 cities. Private health insurance for retirees 60+ costs approximately $200/mo.
With $500,000 in savings, a single retiree can expect their money to last approximately 30.0 years in Palma de Mallorca. For a couple, approximately 20.7 years.
Inheritance tax in Spain: 34%. Capital gains tax: 28%. Wealth tax applies.
Our retirement data is compiled from multiple authoritative sources, cross-referenced for accuracy:
All data is for informational purposes only and updated periodically. Individual circumstances may vary. Consult a qualified financial advisor for personal retirement planning. Last updated: March 2026.