Luxury Mediterranean lifestyle in Ibiza
Relocation Guide

Cost of Living in Ibiza

Ibiza has evolved from a bohemian island into one of Europe's most desirable addresses. Here's what it actually costs to live here in 2026.

Monthly Cost Summary

Single Person

€2,500 – €4,500/month

Couple

€4,000 – €7,500/month

Family (2 adults + 2 children)

€6,000 – €12,000/month

Excluding rent. Ranges reflect moderate to luxury lifestyle.

Rent & Property

1-bed apartment, Ibiza Town€1,200 – €2,000/month
2-bed apartment, Santa Eulària€1,500 – €2,800/month
3-bed villa with pool, countryside€3,000 – €6,000/month
Luxury villa, sea views€8,000 – €25,000/month
Property purchase (per m²), Ibiza Town€5,000 – €8,000
Property purchase (per m²), premium areas€8,000 – €15,000+

Food & Dining

Weekly groceries (1 person)€60 – €100
Lunch at a local restaurant€12 – €20
Dinner for 2, mid-range restaurant€60 – €100
Dinner for 2, fine dining€150 – €400
Coffee€1.50 – €3.00
Beer at a bar€3 – €6
Cocktail at a beach club€15 – €25

Transport

Monthly car lease€300 – €600
Fuel (per litre)€1.50 – €1.70
Taxi, Ibiza Town to San Antonio€25 – €35
Airport transfer (private)€40 – €60
Annual car insurance€400 – €800
Ferry to Formentera (return)€50 – €70

Education

Morna International College (annual)€8,000 – €14,000
Ibiza International School (annual)€6,000 – €10,000
Spanish public schoolFree
Private tutoring (per hour)€25 – €50
Language school (monthly)€200 – €400

Healthcare

Private health insurance (annual)€1,200 – €3,000
GP consultation (private)€50 – €100
Dental check-up€40 – €80
Specialist consultation€80 – €150
Public healthcare (with NIE)Free / low-cost

Lifestyle & Leisure

Gym membership (monthly)€40 – €80
Yoga class€12 – €20
Golf (18 holes)€60 – €120
Beach club day bed (summer)€100 – €500
Spa treatment€80 – €200
Cinema ticket€8 – €12

Utilities & Services

Electricity (monthly, apartment)€80 – €150
Water (monthly)€30 – €60
Internet (fibre, monthly)€35 – €55
Mobile phone plan€15 – €40
House cleaning (per session)€50 – €100
Pool maintenance (monthly)€100 – €200

Ibiza vs Other Destinations

Ibiza is 15–25% more expensive than mainland Spain but 20–40% cheaper than comparable luxury destinations like Saint-Tropez, Mykonos, or the Côte d'Azur. Property prices have risen 8–12% annually since 2020.

Ibiza
100
Barcelona
82
Madrid
78
Mallorca
90
Mykonos
130
Saint-Tropez
155
London
145

Index: Ibiza = 100. Higher = more expensive.

Money-Saving Tips

Shop at local markets (Mercat Vell in Ibiza Town, Santa Eulària market) for fresh produce at better prices than supermarkets.
Rent long-term (12+ months) to get significantly better rates than seasonal rentals.
Eat the menú del día at local restaurants — a full 3-course lunch for €12–15.
Use the public bus network (Ibiza Bus) which connects all major towns for €1.55–€4.00.
Join the local community — many activities, from hiking groups to language exchanges, are free.
Consider living outside Ibiza Town (San José, Santa Gertrudis, San Juan) for 20–30% lower rents.

Thinking of Moving to Ibiza?

Our relocation concierge helps with property search, legal setup, school enrollment, and settling in.