Valldemossa Leads: Highest Per Capita Income on the Balearic Islands in 2023

Valldemossa at the Forefront – Figures from 2023

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On a cool morning in Valldemossa, as cafés along the Plaça gradually open and the first delivery vans roll across the cobblestones, you wouldn't notice statistics tables. And yet the numbers say exactly this: Valldemossa had the highest average net income per capita on the Balearics in 2023 – around €22,100 per year.

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How it's distributed on the island

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Palma stands at about €16,181, clearly below and can be categorized as a mid-range result. Ibiza comes in at around €17,500. There are also surprises: Inca reports the lowest average income, barely €13,500 per person per year. Those are numbers people discuss over a chat in the Santa Catalina Bazaar or at the market in Sineu.

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A look beyond the island borders

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In the national comparison, one municipality shines beyond Madrid: Pozuelo de Alarcón surpasses the €30,000 per capita mark. That’s a completely different scale – and shows how large the regional differences in Spain still are.

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Why Valldemossa is at the top

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Simple reason: a mix of wealthy second-homeowners, tourist luxury offerings, and some high-quality services in the area. Additionally, smaller towns with only a few very well-earning households can pull the average up significantly. For us, that means a few highly solvent households and suddenly the statistics look brighter.

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What must not be forgotten: numbers tell only part of the story. Cost of living, access to jobs, rent prices, and seasonality change everyday life. In Palma, for example, you feel: more jobs, but also higher costs. In places like Inca, other challenges are noticeable – stable jobs, but lower incomes.

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So, if you live on the island or are looking for property here, you shouldn't rely only on average values. An espresso in Valldemossa may cost a little more, but the view is still free.