Check the data for the average and minimum wages in Madrid, the largest and wealthiest city in the Iberian Peninsula.
Madrid is a cosmopolitan city with a perfect mix of old world tradition and modern luxury. As the capital of Spain, it has much to offer in the way of culture, food, nightlife, and sightseeing. Madrid is much more than a great tourist destination. It offers locals and expatriates diversified career and entertainment opportunities.

Madrid has a relatively low cost of living compared to many other cities in Europe. Costs in Madrid are lower when compared to Paris, London, or even Dublin. However salaries and job prospects are also not as attractive as these capitals. But that doesn’t make it an undesirable place to live for many who are looking for a better quality of life over making the big bucks.

Madrid is a desirable region of Spain, for locals and expatriates alike, because of its warm climate and rich cultural heritage.
Minimum Salary in Madrid, Spain

The minimum salary in Spain is of 900 euros per month in 2019, according to this source. but that doesn’t mean it is enough to live on in certain areas.

In Madrid, one of the better paid cities in Spain, minimum salaries range from 20,000 to 37,000 euros a year. That’s a big range. These figures are for the local population. For expatriates, it could be very different depending on your job or whether or not you are self-employed.

There are many foreign workers earning the minimum salary in Madrid, Spain.
Average Salary in Madrid, Spain

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 2019 the average salary in Madrid is of around 1600 euros per month. In Madrid salaries usually range from 1000 and 3500 euros a month. As you can see, it varies widely depending on your occupation and level of expertise.

People working in executive and management position make the most. Madrid is the financial and business capital of Spain, so this not only creates better jobs, but results in higher salaries. Just keep in mind that the cost of living is also higher than in smaller cities or rural areas.

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