The Morning Math That Changes Everything
At 6:23am in Palma’s Mercat de l’Olivar, I watch Miguel arrange yesterday’s bread at half price while calculating if I can afford both coffee and breakfast. After 47 days island-hopping the Balearics on €77 per day, I’ve learned that solo budget travel here isn’t about deprivation – it’s about timing, local knowledge, and accepting that your Instagram feed will look different from the yacht crowd’s.
The German couple next to me at the market café splits a €3 tortilla. The British backpacker orders just coffee (€1.40). I’ve discovered the sweet spot: arrive at 1:30pm for the €8 menú del día – three courses, bread, and wine that would cost €35 at the port.
The Real Numbers Nobody Posts
Here’s what I actually spent island-hopping for seven weeks in peak season, tracked obsessively in a weather-beaten notebook:
Daily Average Across All Islands
- Accommodation: €39 (hostels €35, camping €18, splurge nights €75)
- Food: €22 (self-catering €12, eating out €30-35)
- Transport: €8 (mostly buses, occasional ferry)
- Activities/Extras: €8 (beach equipment, museum entries, emergencies)
Total: €77/day but this number lies. Ibiza destroyed my budget (€95/day). Menorca saved it (€62/day). Formentera was impossible (€110/day for one night before I fled back to Ibiza).
Where to Sleep Without Selling Organs
Mallorca: The Hostel Hustle
Palma
€28-45/night • Book 2 weeks ahead minimum
The hostel scene in Palma clusters around Santa Catalina and the old town. After testing six, here’s the truth:
Central Palma Youth Hostel Carrer de la Unió 6
– Government-run, no atmosphere but €28/night includes breakfast. Curfew at 2am kills the vibe but saves you from yourself.
Hostel One Palma Ramblas Rambla dels Ducs de Palma 15
– €35-42/night, rooftop terrace, free dinner at 8pm (pasta, always pasta). The “family” atmosphere means forced socializing but also instant friends for beach days.
Sunflower Hostel Carrer del Vicari Joaquim Fuster 19
– €39/night, best kitchen, worst WiFi. The courtyard saves it. Paulo makes paella Thursdays for €5.
Outside Palma
€18-25/night • Public transport required
Camping Playa Palma Carretera de s'Arenal
– €18/night for a tent spot, €6 extra for electricity. Bus L15 to Palma (€1.50, 35 minutes). Facilities are 1990s but functional. Germans everywhere.
Alcúdia Garden Hostel Carrer de la Cisterna 6
– €25/night May-September. Near the beaches, far from nightlife (blessing or curse). Kitchen use until 11pm only.
Ibiza: The Budget Paradox
The island that parties claims to welcome backpackers but charges them €45 for a dorm bed in August. Three survivable options:
Hostel Giramundo Carrer Ramon Muntaner 48, Ibiza Town
– €45-55/night, the only “budget” option walking distance from everything. Pool exists but is always full of people sleeping off last night.
Camping Cala Bassa Cala Bassa Beach
– €22/night for a tent, but add €15 for the taxi since buses don’t run late. Beach access at dawn is magical though.
Sant Antoni Reality: Every hostel here caters to package tourists pre-drinking before the clubs. Unless that’s your scene, avoid entirely.
Menorca: Budget Paradise
Mahón (Maó)
€24-32/night • Genuine deals exist
Posada Orsi Carrer de la Infanta 19
– Not technically a hostel but €32/night for basic singles. Señora Orsi makes breakfast for €5 that could feed three people.
Menorca Backpackers Carrer de Sant Ignasi 11
– €24/night, new in 2024, run by ex-Barcelona couple who understand budgets. Free bikes for guests (game-changer).
Ciutadella
€28-35/night • Book for festivals
Hostel Sa Prensa Plaça del Pins
– €28/night, location is everything. Kitchen privileges but bring your own pans (theirs are destroyed).
Formentera: The Beautiful Impossibility
No hostels. One campground. Private rooms start at €95 in someone’s garage.
The Only Option: Day trip from Ibiza. First ferry at 9am (€19), last return at 9:30pm (€23). Bring food from Ibiza unless you want €18 sandwiches for lunch.
Eating on €22/Day: The Survival Guide
The Market Strategy
Every island has a central market. Find it, love it, survive by it.
Palma’s Mercat de l’Olivar
- Produce: €5 gets you three days of vegetables
- Day-old bread: €0.50 per baguette at 2pm
- Fishmonger scraps: €3/kg for soup material at 1pm
- Upstairs bar: €8 menú del día (1:30-3:30pm only)
Ibiza’s Mercat Vell
- Saturday only but worth planning around
- Local cheese: €12/kg (lasts a week)
- Tomatoes: €1.50/kg in season
- Herbs: Free if you chat with vendors in Spanish
Mahón’s Mercat del Claustre
- Tuesday and Saturday mornings
- Menorcan cheese seconds: €8/kg
- Sobrasada ends: €6/kg (perfect for pasta)
Supermarket Intelligence
Mercadona: Reliable, everywhere, house brand is decent
- White label beer: €0.50/can
- Pasta: €0.65/kg
- Gazpacho: €1.20/liter (summer lifesaver)
Lidl: German efficiency meets Spanish prices
- Bread: €0.39/loaf
- Hummus: €1.19 (protein!)
- Frozen pizzas: €1.89 (depression food)
Eroski: Local chain, good for deals
- 30% off stickers after 8pm on prepared foods
- Tortilla española: €3.50 for a whole one at closing time
Restaurant Survival Tactics - Menú del Día
As of August 2025Transportation: The €8 Daily Dance
Bus Mastery
Palma EMT (City buses):
- Single: €2 (€3 for port line)
- 10-journey card: €10 (sharable!)
- Monthly: €37 (residents only, need NIE)
TIB (Intercity Mallorca):
- Palma-Sóller: €3.20
- Palma-Alcúdia: €5.50
- Palma-Cala Millor: €6.80
- Buy tickets online for 40% discount
Menorca Buses
- Mahón-Ciutadella: €4.70
- Beach buses: €2-3
- Service stops October-May on many routes
Ibiza Buses
- Disco Bus: €4 (midnight-6am, summer only)
- Regular buses: €2-3.50
- Airport bus: €3.50 (every 30 minutes)
Ferry Economics
Ibiza-Formentera
- Early bird (9am): €19 one-way
- Standard: €23-27
- Last-minute: €35+
- Book Aquabus online for 10% discount
Inter-Island Reality
- Mallorca-Menorca: €68-100 (fly for €39 sometimes)
- Mallorca-Ibiza: €75-95 (overnight saves hotel)
Bike Rentals
The budget secret nobody mentions:
- Palma: BiciPalma €15/day, €60/week
- Menorca: €8/day from hostels
- Ibiza: €12/day but hills will kill you
- Formentera: €8/day (island is flat, perfect for cycling)
Free Activities: The Dignity Savers
Mallorca Free
Beaches (Obviously):
- Cala Major: 20 minutes walk from Palma
- Platja de Palma: Bus L15, €1.50
- Illetes: Bus L3, stunning, crowded by 11am
Palma Walking
- Cathedral exterior: Free, interior €8 (worth it)
- Bellver Castle gardens: Free, castle €4
- Arab Baths street: Atmospheric, skip the €2 entry
- Passeig des Born: People watching gold
Markets & Events
- Sineu Wednesday: Island’s best, bus from Palma €4.20
- Santa Catalina Saturday: Local vibe
- Alaró night market: Thursdays in summer
Menorca Free
Camí de Cavalls
- 185km coastal path
- Free camping allowed in some sections
- Water sources marked but bring purification
Beaches Without Infrastructure
- Cala Pregonda: 30-minute walk, red sand, no services
- Cala Pilar: Remote, stunning, nudist-friendly
Mahón Gin Distillery
- Xoriguer offers free tastings if you join a tour group
- Pretend you’re considering buying
Ibiza Free
Dalt Vila
- Sunset from the walls: Free and better than any club
- Museums: Free Sundays for EU residents (flash any EU ID)
Drum Circles
- Benirràs Beach: Sundays at sunset
- Cala Comte: Informal gatherings
- Las Salinas: Full moon parties
Markets
- Las Dalias: Free entry, expensive stuff
- Punta Arabí: Wednesday, biggest hippie market
The Splurge Strategy - When to Break the Budget
As of August 2025Island-by-Island Budget Breakdown
Mallorca: €71/day
- Accommodation: €35 (hostel average)
- Food: €20 (mix cooking and eating out)
- Transport: €8 (bus pass value)
- Activities: €8 (mostly free, occasional entry)
Survival Tip: Base yourself in Palma, day trip everywhere. Santa Catalina neighborhood has budget everything.
Menorca: €62/day
- Accommodation: €28 (cheapest hostels)
- Food: €18 (markets are cheaper)
- Transport: €6 (everything’s closer)
- Activities: €10 (boat trips tempting)
Survival Tip: Rent a bike for a week (€40), cook everything, swim everywhere.
Ibiza: €95/day
- Accommodation: €45 (no choice)
- Food: €30 (tourist prices everywhere)
- Transport: €10 (taxis sometimes necessary)
- Activities: €10 (beach clubs beckon)
Survival Tip: Stay in Ibiza Town, avoid San Antoni, cook obsessively, party at beach not clubs.
Formentera: Day Trip Only
- Ferry return: €42
- Bike rental: €8
- Food brought from Ibiza: €10
- Beach time: Priceless
- Total: €60 for the day
Survival Tip: First ferry out, last ferry back. Bring everything from Ibiza including water.
The Money-Saving Hacks That Actually Work
Banking
- Revolut/Wise: No ATM fees
- Cash is king at markets
- Many places add 3% for cards under €10
Shopping
- Siesta means reduced prices after 8pm
- Sunday everything costs more
- Airport nothing, ever
Accommodation
- Book direct with hostels for 10% off
- Weekly rates save 15-20%
- Work exchanges exist (check Workaway)
Food
- Spanish hours = Spanish prices
- Lunch at 2pm, dinner at 10pm
- Tapas aren’t meals, they’re expensive snacks
Beach
- Bring umbrella from Chinese shop (€10) vs rental (€15/day)
- Snorkel gear from Decathlon (€15) vs rental (€10/day)
- Water shoes essential (rocks everywhere)
The Seasonal Reality Check
May-June
- Prices 20% lower
- Weather perfect
- Crowds manageable
- Budget feasible: €65/day
July-August
- Everything 40% more expensive
- Hostels booked solid
- Beaches impossible after 10am
- Budget stretches: €85/day
September-October
- Prices dropping weekly
- Weather still swimmable
- Germans everywhere (Oktoberfest exodus)
- Budget comfortable: €70/day
November-April
- Many hostels closed
- Menorca basically shuts down
- Mallorca still doable
- Budget easy: €55/day
The Brutal Truth About Budget Balearics
After 47 days, here’s what I learned:
You’ll never feel rich here. The yachts in Puerto Portals, the €18 cocktails in Ibiza, the beautiful people in €200 sandals – it’s a parallel universe you’re visiting but not joining.
But at sunrise on Cala Pregonda, when the only other person is a fisherman who shares his coffee, you realize the Balearics’ real treasures cost nothing. The German retiree who taught me where to find free figs. The Italian girl who split her hostel kitchen paella for eight. The French couple who drove me to Cala Trebalúger because the bus doesn’t go there.

Morning light filters through the trees in Palma’s Parc de la Mar – free, beautiful, and where locals actually spend their time.
The islands don’t care about your budget. The sun sets the same for everyone. The water is equally turquoise. The sobrasada tastes identical whether you paid €18/kg at the airport or €6/kg for ends at the market.
€77 per day is enough if you adjust expectations, embrace communal living, and understand that luxury here isn’t about money – it’s about knowing which beach empties at 5pm, which bar serves honest wine for €2, and which bus driver will wait if you’re running late.
The Balearics broke my budget seventeen times. I’d do it again tomorrow.
Budget Resources
- EMT Palma: emtpalma.es (bus routes/schedules)
- TIB Mallorca: tib.org (intercity buses)
- Baleària Ferries: balearia.com (15% online discount)
- Hostelworld: Book direct after finding hostels here
- Blablacar: Car sharing between islands (via ferry)