If you’re thinking of moving to Spain, it’s important to know what your potential earnings could be. While the cost of living in Spain is relatively low, your income will also be lower than in many other countries. Let’s take a look at the average salary in Spain and the minimum wage in Spain.
Average Income Spain
According to the latest data from Eurostat, the average monthly income in Spain is €1,574. This puts Spain in the middle of the pack when it comes to average incomes in Europe.
Countries like Germany, France, and the UK have higher average incomes, while countries like Poland and Greece have lower average incomes. However, it’s important to keep in mind that average incomes can be misleading.
For example, the average monthly income in Spain is €1,574, but the median monthly income is only €1,206. This means that half of all households in Spain have an income that is below the average. In other words, the average income in Spain is skewed by a small number of high-earners.
While there are some households that bring in a good income, the majority of households are struggling to make ends meet.
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Best Paying Jobs in Spain – Average Salary in Spain
Spain is a beautiful country with a rich culture and many opportunities for employment. While there are many different types of jobs available, some positions are more highly compensated than others. Here is a list of the 10 best-paying jobs in Spain and the highest salaries, based on average annual salaries:
10 best-paying jobs in Spain
- surgeons – €129,000
- lawyers – €90,000
- bankers – €80,000
- chief executives – €79,000
- pilots – €75,000
- dentists – €74,000
- pharmacists – €71,000
- engineers – €70,000
- IT professionals – €69,000
- marketing managers – €68,000
While there are many lucrative job opportunities in Spain, it’s important to keep in mind that salaries can vary depending on location, experience, higher education level, career field and other factors. For example, surgeons in Madrid may earn more and have a higher salary than those in Barcelona due to the higher cost of living in the capital city. Therefore, it’s important to research salaries for specific positions before making any career decisions.
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Minimum Wage in Spain
Spain is a country located in southwestern Europe with a population of over 46 million people. The minimum wage in Spain is €1,050 per month before taxes, which is equivalent to about $1,200 USD.
This amount is slightly higher than the minimum wage in neighboring Portugal, which is €735 per month before taxes. In Spain, the minimum wage is set by the government and is reviewed every two years.
Workers who are paid minimum wage must be at least 18 years old and cannot work more than 40 hours per week. Companies that violate these rules can be fined up to €30,000.
Overall, the minimum wage in Spain is relatively high compared to other countries in Europe and helps to ensure that workers can live comfortably.
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Worst Paying Jobs in Spain – Average Salaries in Spain
Spain is a country with a rich culture and diverse landscape. From the Mediterranean coast to the Pyrenees mountains, there is something for everyone in this beautiful country. However, not all jobs in Spain are created equal. In fact, some fields of work are notoriously low-paying. If you’re looking for a high salary, you’ll want to avoid these 10 worst-paying jobs in Spain (average salaries).
10 Worst Paying Jobs in Spain
- Cleaning staff – Average salary in Spain: €836 per month
- Food service workers – Average salary: €861 per month
- Retail salespeople – Average salary: €894 per month
- janitors and building cleaners – Average salary: €942 per month
- agricultural workers – Average salary: €982 per month
- security guards and gaming surveillance officers – Average salary: €987 per month
- waiters and waitresses – Average salary: €992 per month
- textile workers – Average salary: €1,008 per month
- settlement and strata title clerks – Average salary: €1,025 per month
- beauty salon and spa workers – Average salary: €1,027 per month
What is a good salary in Spain?
The cost of living in Spain varies depending on the city you live in. In general, Madrid and Barcelona are the most expensive cities, while smaller cities and towns tend to be more affordable.
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That being said, a good salary in Spain would depend on your individual lifestyle and needs. If you are comfortable with a smaller apartment and eating out less often, then you could get by on a salary of around €1,500 per month.
However, if you want to live a more luxurious lifestyle with a bigger apartment and regular nights out, and instant access to the internet then you will need a minimum salary of at least €3,000 per month. Ultimately, the amount of money you need to earn in order to live comfortably in Spain depends on your personal circumstances.
What is considered wealthy in Spain?
Spain is a country with a large gap between the rich and the poor. The recession has only exacerbated this divide, as many middle-class families have seen their incomes shrink while the wealthy continue to enjoy a high standard of living.
So what is considered wealthy in Spain? Generally speaking, families with an annual income of 200,000 euros or more would be considered well-off. This includes most bankers, lawyers, and executives.
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But there are also a significant number of millionaires and billionaires in Spain, thanks to a long history of wealth accumulation by the country’s ruling class. In addition, many Spaniards have inherited wealth from their families, which has helped to create a class of well-to-do citizens.
While the definition of wealth may vary from person to person, there is no doubt that Spain is home to a significant number of affluent families.
What is considered middle class in Spain?
The concept of the middle class is relative and varies from country to country. In Spain, the middle class is generally considered to be those who are upper-middle income earners (higher salaries). This means they bring in more money than the average Spanish worker, but they don’t have the same high earning potential as the top 1% of earners.
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The middle class in Spain has often Educated professionals (higher education), such as doctors, lawyers, and engineers. They tend to own their own homes and have good job security – very often in the private sector or investment sectors. However, they may not have the same luxurious lifestyle as the very wealthy.
The Spanish middle class has shrunk in recent years (and past decades) due to the financial crisis, with many families falling into poverty or becoming unemployed. As a result, the concept of what it means to be middle class in Spain is changing.
Is Spain rich or poor?
Spain is one of the poorer countries in Europe. Its economy has not yet recovered from the financial crisis of 2008, and its unemployment rate is still high. However, Spain is not as poor as some other countries in the world. For example, its per capita GDP ishigher than that of Russia, Brazil, or India.
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Some people might argue that Spain is not really a poor country because it has a lot of tourist revenue. But tourism only accounts for about 10% of Spain’s GDP, so it’s not enough to make the country rich. Spain also has a lot of debt (over 100% of GDP), so it’s not in great financial shape.
In conclusion, Spain is not a rich country, but it’s also not as poor as some other countries in the world. Its economic situation is slowly improving, but it still has a long way to go.
Does Spain have a high GDP per capita?
GDP per capita is a measure of a country’s economic output per person. Spain’s GDP per capita was $27000 in 2020, ranking it 40th in the world. That’s more than double the average GDP per capita of countries in Latin America and the Caribbean ($15,021), but still below the European Union average of $39,295.
Spain has seen strong economic growth in recent years, with its GDP expanding by 3.2% in 20202 (faster than any other major EU economy). This has helped to boost wages and living standards, with Spaniards’ disposable incomes rising by 4.3% last year.
Nonetheless, there are some signs that Spain’s economy is starting to cool off. Industrial production growth slowed sharply in the first quarter of 2020, and unemployment has begun to edge up again after falling for several years.
The average salary for expats in Spain
Spain is a popular destination for expats, and it’s easy to see why. The weather is pleasant, the food is delicious, and the people are friendly. But what about the cost of living? How much can you expect to earn as an expat in Spain?
According to recent data, the average salary in Spain for expats is €36,700 per year. This is lower than the average salary in some other European countries, but it’s still enough to live comfortably. With a little budgeting, you can easily cover your costs of food, housing, and transportation.
And if you’re looking to save money, there are plenty of ways to do that as well. Whether you’re a retired expat or a working professional, Spain is a great place to call home.
The country has a rich culture, beautiful scenery, and a relaxed Mediterranean lifestyle. However, one of the biggest attractions for expats is the relative affordability of living in Spain. Although the cost of living can vary depending on the city and lifestyle, it’s generally lower than in other Western European countries.
This is especially true when it comes to housing costs. According to Numbeo, the average monthly rent for a one-bedroom apartment in Madrid is just over €700, while the same apartment in London would cost more than €2,000.
With relatively low living expenses and a sunny climate, it’s no wonder that so many people are attracted to Spain as a place to live and work.
The average and minimum salary in Spain by city
The average salary in Spain varies depending on the city, but the minimum wage is the same throughout the country.
Average Salary in Madrid
The average salary in Madrid is €28,500 per year. This figure is based on data from the Spanish National Statistics Institute (INE), which surveyed salaries across a number of different sectors in the Madrid region. The highest average salaries were found in the financial and business services sector, where workers earned an average of €38,900 per year.
This was followed by the public administration and education sector, where salaries averaged €37,200 per year. The lowest average salaries were found in the retail and hospitality sector, where workers earned an average of €21,700 per year. However, it should be noted that these figures are only averages, and actual salaries will vary depending on factors such as experience, qualifications, and position.
Average Salary in Barcelona
Barcelona is one of the most popular cities in Spain, and it’s no surprise that many people are also drawn to the city for its high salaries. According to recent studies, the average salary in Barcelona is €36,700 per year, which is significantly higher than the national average of €27,600.
This makes Barcelona an attractive destination for professionals looking to earn a good income. There are a number of factors that contribute to the high salaries in Barcelona, including the city’s strong economy and its large population of working adults. In addition, many companies headquartered in Barcelona offer their employees competitive salaries and benefits packages.
As a result, it’s no wonder that so many people are eager to work in Barcelona. With its high salaries and generous benefits, the city is an excellent place to build a career.
Average Salary in Valencia
The average salary in Valencia is €24,000. This is slightly higher than the national average of €23,000. However, it is important to keep in mind that the cost of living in Valencia is also higher than the average.
The average rent for a one-bedroom apartment in Valencia is €700, and utilities can cost up to €150 per month. Transportation costs are also high, with a monthly public transportation pass costing €50. As a result, those who move to Valencia may need to adjust their expectations in terms of salary and cost of living.
Average Salary in Seville
The average salary in Seville is €21,000 per year. This is higher than the national average salary of €17,000. The average salary in Seville is also higher than the average salary in other cities in Spain, such as Madrid and Barcelona.
The cost of living in Seville is lower than in other cities, which may contribute to the higher salaries. The average rent for an apartment in Seville is €600 per month, and the average price of a meal is €10. Seville is a beautiful city with a lot to offer, and it is no wonder that people are willing to pay more to live and work here.
Average Salary in Bilbao
The average salary in Bilbao is €33,946. The median salary is €32,000, meaning that half of the population earns more than this amount and half earns less. The highest earners in Bilbao make an average of €48,000 per year, while the lowest earners make an average of €16,000 per year.
The cost of living in Bilbao is relatively high, with an average monthly rent of €700 and food prices that are 14% higher than the national average. However, salaries are also higher in Bilbao than in other cities in Spain, making it a good place to live and work.
Average Salary in Malaga
The average salary in Malaga is €21,000. This is slightly lower than the national average of €24,000. However, it is still higher than the average salaries in some other parts of Spain, such as Barcelona and Madrid.
The cost of living in Malaga is also relatively low, which means that your money will go further here than in some other cities. The city has a lot to offer its residents, from its stunning beaches to its vibrant nightlife.
There are also plenty of museums and art galleries to explore. If you’re looking for a city where you can enjoy a good quality of life without spending a fortune, then Malaga could be the perfect place for you.
