Mallorca, renowned for its Mediterranean landscapes and vibrant cultural scene, is a highly sought-after destination for property buyers. Rising demand across the island has driven up housing prices in many areas, prompting many to ask: which is the most affordable town in Mallorca? Discover the answer in idealista’s May 2025 price report.
What is Mallorca's most affordable town?
Situated in the heart of Mallorca, Sant Joan is, according to idealista’s price report, the most affordable town to buy a home. This inland village is known for its peaceful atmosphere and authentic charm. Set away from the bustling coastal resorts, it offers a relaxed pace of life, perfect for those who value tranquillity and tradition.
Despite its modest size, Sant Joan provides all essential services and enjoys a strategic central location, close to both Manacor and Palma.
Housing prices in Sant Joan
The average price of a property for sale in Sant Joan is expected to reach €1,583 per square metre in May 2025, considerably lower than in other parts of Mallorca and the Balearic Islands. Despite its affordability, this marks a record high for the town.
It is important to note that Sant Joan is the cheapest town in Mallorca among those with sufficient data to be included in the report, making it the most affordable option among towns of a certain size on the island.
Which is the cheapest Balearic island to live on?
When considering a move to the Balearic Islands, it’s important to note that the cost of living can vary significantly depending on which island you choose. Mallorca offers the most affordable options overall, particularly if you avoid the main tourist hotspots.
That said, many regard Menorca as the cheapest island to live on. While prices vary by area, Menorca generally offers a lower average cost of living – especially in terms of rent and property prices – thanks to its quieter atmosphere and slower pace of life compared to Ibiza or Mallorca.
Affordable towns in Mallorca
Mallorca has towns where the cost of living is more affordable than in tourist hotspots like Palma or the southwest coast. Here are the cheapest towns, according to the May 2025 report.
- Sant Joan: a peaceful, traditional inland town with affordable housing, priced at €1,583 per square metre in May.
- Sa Pobla: well connected to Palma by train, this town is known for its agricultural sector and reasonable prices, with property costing €1,848 per square metre.
- Felanitx: in the southeast, it offers spacious houses and a rural atmosphere near the sea without the coastal prices. Properties cost €2,086 per square metre.
- Muro: close to the beach, it combines village life with access to tourist areas, while maintaining moderate prices (€2,124/m2).
- Inca: the third largest city on the island, with comprehensive services, good transport links and a wide range of accommodation options (€2,304/m2).
Living near Palma
Living near Palma is the dream of many who wish to enjoy the city’s vibrant atmosphere without giving up the peace and charm of a quieter setting. If you’re thinking of moving to Mallorca and want to stay close to the capital without the high costs of the city centre, these towns could be your ideal choice.
- Algaida: just 20 minutes southeast of Palma, this town offers slightly more affordable prices and a traditional Mallorcan atmosphere.
- Binissalem: famous for its wineries and popular festivals, it is well connected by both road and train. Its prices remain reasonable compared to other areas near the capital.
- Sineu: although it's located half an hour from the centre of Palma, it maintains affordable prices in Mallorca.
- Marratxí: located very close to Palma, it has seen a rise in prices, although they remain more affordable than in the capital.
Living in Mallorca: pros and cons, best areas and cost of living
Many dream about living on Mallorca for its superb climate, dreamlike landscapes and a great quality of life. However, making the decision to move to this Balearic island involves considering various aspects. In this article, we will explore the pros and cons of life on Mallorca, the best areas to settle and the cost of living associated with this charming destination, which offers a wide variety of settings.