While the minimum wage is showing a constant year to year growth in Madrid, average salaries remain the same for the past years. As of 2021 the average salary in Madrid is of around 1600 euros per month. In Madrid salaries usually range from 1000 and 3500 euros a month.
What is considered good salary in Spain?
While you will earn an average of € 3,130 in the metropolis Barcelona, you can expect an average salary of € 2,910 in Málaga. Don’t forget: the cost of living in Barcelona is higher than in Málaga.
The largest cities in Spain offer the highest average salaries.
Is 50k a good salary in Madrid?
What is a “salary package”? In Spain a good salary is 2,000-2,500€ per month (after taxes), an exceptional salary is 3,500-4,000€ per month onwards. A salary with which you can live without difficulties is 1,500€ per month.
Is 40k a good salary in Spain?
The short answer is “Yes”. That’s above the average income in Spain.
How much do I need to live in Madrid?
Summary about cost of living in Madrid, Spain: Family of four estimated monthly costs are 2,713$ (2,432€) without rent. A single person estimated monthly costs are 764$ (685€) without rent. Madrid is 41.26% less expensive than New York (without rent).
Is 30000 a good salary in Spain?
The median (much more realistic than the average) is around 30,000 euros per year. … But if you are going to live alone in a rented flat, and taking into account all the expenses you may have, any salary over 2,000 euros per year would be considered a good salary in Barcelona.
How much money do you need to live comfortably in Spain?
It’s possible to retire comfortably in Spain on about $25,000 a year. That breaks down to roughly $2,083 per month. Of course, it is possible to live in Spain on less — $20,000, for instance. This amount would make more sense if you decide to live farther from big cities and lead a more minimalist lifestyle.
Is it cheaper to live in Madrid or Barcelona?
Is it more expensive to live in Madrid or in Barcelona? As the capital city of Spain, Madrid is the more expensive between the two. Barcelona and Madrid are actually more expensive than other cities in Spain. But between the two, Madrid is more expensive.
What is an average salary in Spain?
The average annual income in Spain is around €27,000, which is lower than many other EU countries. However, Spain also has a lower cost of living than most of its western European neighbors. A full-time worker may take 22 working days (30 calendar days) of paid holiday time annually.
Is it expensive to live in Madrid?
Spain is known to be an affordable destination for travellers, especially for Western Europe. And while Madrid is more expensive than most other Spanish cities, it certainly doesn’t cost as much to live here compared to other major European cities such as London, Copenhagen, or Stockholm.
What is a good salary in Barcelona 2020?
25000 Euros/year is a high end good salary to live comfortably in Barcelona. Around 18-20000 is also good .
How much money do you need to live comfortably in Barcelona?
In fact, while the cost of living is considerably lower in Spain, salaries are also lower. To live comfortably, you have to expect a cost of living in Barcelona for 697€ (without rent).
What’s the average income in Barcelona?
‘ The average salary in Barcelona is 5,700 EUR per month. The salaries range from 1140 EUR to 24,200 EUR. The average monthly salary includes the cost of transport, housing, and benefits.
Can you live on 1000 euros a month in Spain?
That’s why I think, in order to comfortably live in Madrid and enjoy your time here, you need to be bringing in at least 1000€ each month. If you want to live a bit more than comfortable, then you should plan to make around 1200€ each month.
Is Madrid a good place to live?
Madrid is generally considered a very safe place to live. Like in any major city, crime is present, however in no way at a level that should cause concern. One thing to be mindful of however is pickpockets. Although uncommon, it pays to careful on public transport or at major tourist attractions.
Is Madrid safe?
Madrid is generally a safe city, although you should, as in most European cities, be wary of pickpockets on transport and around major tourist sights. Although you should be careful, don’t be paranoid; remember that the overwhelming majority of travellers to Madrid rarely encounter any problems.