Copyright euroweeklynews
The Balearic Islands are officially leading the way when it comes to living well in Spain. According to the latest report from the National Institute of Statistics (INE), the region enjoyed the biggest improvement in quality of life in Spain in 2024, climbing 0.77 points to reach 103.13 on the Multidimensional Quality of Life Index (IMCV). The result places the Balearics sixth overall in Spain, marking a clear sign that island life is not only idyllic but increasingly prosperous – particularly appealing for expats in Spain who have chosen Mallorca, Menorca, Ibiza or Formentera as their home. A model for wellbeing in Spain The INE’s index measures more than just economic performance. It evaluates nine aspects of life – from material living conditions and employment to health, education, safety, environment, and overall life satisfaction. In 2024, the Balearics improved in nearly every area. The only categories that saw slight declines were personal safety and leisure and social relations, while governance and basic rights remained stable. Across the board, however, residents – both locals and international newcomers – are experiencing greater comfort, stability and wellbeing. For many expats living in Spain, the Balearics’ performance highlights why the islands remain one of the most desirable places in the Mediterranean to relocate. A decade of strong growth is clearly paying off. The average annual income in the Balearic Islands has risen by more than 50 per cent over ten years, reaching €23,689 in 2024. At the same time, the share of people at risk of poverty has fallen dramatically from 17.9 per cent to 11.3 per cent. Employment conditions are improving too. The percentage of residents earning low wages dropped to 10.5 per cent in 2023 — four points lower than in 2013. Meanwhile, nearly half of the population now works a balanced 40–48-hour week, while only a small fraction (6.4 per cent) exceed 49 hours. For expats in Spain who have made the Balearics their base, these numbers signal an economy that supports both opportunity and quality of life — one where professional prospects and lifestyle go hand in hand. Health, education and living standards rising The Balearic Islands also stand out for their advances in health and education. Life expectancy at birth now reaches 83.7 years, up from 82.7 a decade ago – one of the highest in Europe. While more residents report chronic illnesses (32.1 per cent), experts say this reflects both an ageing population and improved medical diagnosis. Education indicators are also heading in the right direction. In 2024, 31.8 per cent of islanders held higher education qualifications, and early school leaving has fallen by 12 points since 2014, down to 20.1 per cent. The overall standard of living continues to rise. Only 5.6 per cent of residents report serious financial difficulty – nearly ten points lower than in 2014. For families, retirees and remote workers living in Spain, the Balearics combine high-quality public services with the relaxed pace of island life that many dream of. Safety, community and environmental challenges remain Despite its success, the Balearics still face some challenges. The INE found that 12.6 per cent of residents experienced crime-related issues in 2023, slightly higher than ten years ago. While serious crimes like homicides have decreased, concerns about petty crime persist. Social satisfaction also dipped, with residents reporting a modest decline in leisure and social relations – possibly linked to tourism pressures and the cost of living in popular towns. In environmental terms, 9.5 per cent of people said they suffer from pollution, while 22.7 per cent reported problems with noise, especially in busy coastal areas. These issues, though minor in comparison to the region’s overall success, show that even paradise needs balance – something both long-term locals and expats in Spain are keenly aware of. Why expats in Spain love the Balearics For many expats living in Spain, the Balearic Islands perfectly capture the essence of Mediterranean living: excellent healthcare, a thriving economy, welcoming communities, and an unbeatable climate. Towns such as Palma, Sóller, Mahón and Santa Eulalia offer a cosmopolitan mix of Spanish charm and international culture, creating a lifestyle that feels both relaxed and connected. The new figures confirm what most residents already know – that life in the Balearics is getting better every year. With rising incomes, longer life expectancy and an increasing focus on sustainability, the islands are proving that a high quality of life is not just a dream but a daily reality. As policymakers look ahead, improving public safety, strengthening community ties and protecting the environment remain priorities. Yet the overall trend is clear: the Balearics are thriving – and setting an example for the rest of Spain. For expats in Spain considering where to live, work or retire, the message is simple: if you’re searching for the best quality of life in the country, look no further than the Balearic Islands.
