Balearic pensions rise to €1,285.57 but lag Spain

On Mallorca and across the Balearic Islands, the average pension reaches €1,285.57 a month in October 2026 — up 4.7% on a year ago, but still below Spain’s €1,376.14 average. The islands have 217,608 contributory pensions, 1.77% more than a year earlier, according to figures released on Tuesday by Spain’s Ministry of Inclusion, Social Security and Migration.

Retirement pensions pay the most

The largest group is retirement pensions: 147,238 people across the islands receive an average of €1,456 a month. Another 45,881 receive widow’s or widower’s pensions averaging €882 a month. For 18,337 people receiving permanent disability pensions, the average is €1,192.

The gap with Spain

Across Spain, Social Security pays 10,565,782 pensions to more than 9.5 million people in October. The national average rises 4.6% from a year earlier to €1,376.14 a month, leaving the Balearic average behind despite its increase.

Spain spends €14,539.9 million on regular contributory pension payments this month, 6.3% more than a year ago.

Topics: Social affairs

Source: Europa Press / Mallorca.com