Retiring in Illes Balears
Income tax, wealth tax and the solidarity tax are set by the region, so every town in Illes Balears pays the same. Only property tax changes from town to town.
Tax
For a couple aged 65 to 74 with €90,000 a year in income, mostly US Social Security and retirement accounts, before property tax:
| Net wealth | Income tax | Wealth taxes | Per year | Rank of 15 |
|---|---|---|---|---|
| €1.7M | €12,565 | – | €12,565 | 10 |
| €3.0M | €12,565 | – | €12,565 | 6 |
| €5.0M | €12,565 | – | €12,565 | 6 |
Wealth taxes are the regional wealth tax (Patrimonio) and the national solidarity tax (ITSGF) together. Rank 1 is the cheapest region. Your own figures change the result: enter them on the Index.
Towns in Illes Balears
10 towns in the Index, best liveability first:
| Town | Province | Liveability | Rank of 252 |
|---|---|---|---|
| Calvià | Illes Balears | 63.5 | 13 |
| Palma de Mallorca | Illes Balears | 62 | 31 |
| Manacor | Illes Balears | 61.5 | 36 |
| Inca | Illes Balears | 58.8 | 66 |
| Llucmajor | Illes Balears | 57.7 | 85 |
| Marratxí | Illes Balears | 57.1 | 90 |
| Eivissa | Illes Balears | 55.7 | 115 |
| Santa Eulalia del Río | Illes Balears | 51.6 | 170 |
| Mahón | Illes Balears | 50.6 | 178 |
| Ciutadella de Menorca | Illes Balears | 50.3 | 182 |
Figures from Engine v4.1; how they are built is on the Method page.