Young person emancipation in the Balearics half of what it was 20 years ago
Just 18% of 16 to 29-year-olds have left home.
The 400 or so rich people in the Balearics
By contrast, almost 200,000 people earned less than 12,000 euros a year.
Balearics - second best region of Spain for working conditions
In 2022, the islands had one of the highest increases in average salaries in the country.
Employers boss - Not true that businesses have been "making a fortune"
President Armengol has called for "historic salary increases".
It takes longer to pay off the mortgage in the Balearics than anywhere else in Spain
Access to housing for the average family is "impossible".
Low salaries, high cost of living - the Balearics paradox
It all comes down to an economic model in the Balearics that needs to change.
Balearics - highest price of homes but one of the lowest average salaries
In the Balearics, it would take almost three years longer to pay for an average-priced home than in the second and third most expensive regions.
Average Balearics salary below the national figure
An explanation for this lower average is the high number of employees on 'fijo discontinuo' contracts.
The minimum wage "must rise above 1,000 euros"
Collective bargaining agreements in the Balearics are typically above the minimum wage.
9.1 years gross salary to pay the mortgage in the Balearics
The 9.1 years for the Balearics is the highest in the country.
Hotel workers Mallorca
The average salary in Mallorca is below the national average.
35% of Balearics workers earn no more than the minimum wage
Over a third of workers were paid no more than 900 euros per month in 2019.
Comment
Mallorca vs. London: A price shock twist
Nothing in the world would make me want to leave the golden isle but the days of cheap drinks and eats, and knock down properties have long gone.
Anna Nicholas07/02/2025 09:28