What is the minimum wage in Madrid Spain?

The national minimum wage per month in Spain increased steadily over the last years. The minimum monthly wage grew by about 60 percent from 2000 to 2021, with salaries increasing from 600 euros a month to 965 euros a month in 2021.

What is the minimum hourly wage in Spain 2021?

In other words, you should at least earn €7.43 per hour in 2021. As a full-time worker with a minimum salary, you will generally receive €965 a month, payable in 14 installments to allow for the double monthly salary in July and December.

What is the lowest salary in Spain?

Minimum wage

Spain’s minimum monthly wage was 950 euros as of 2020. Unlike the average annual wage, it has been constantly increasing on a nearly continuous basis since 2008, when the minimum wage was 600 euros per month.

What is a good 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 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.

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Why are wages so low in Spain?

To simplify, it’s a basic supply and demand issue (as some others have mentioned), there are more people looking for work that there are jobs available, therefore salaries are low and if you don’t like it, well, there is a long line of people willing to replace you for the same salary or even less.

How much is rent in Spain?

The average price for properties in Spain to 13/01/2022 was 1,441 €/month based on 2,579 properties. The areas with the lowest prices in Spain are Estremadura and Asturias, with an average price of 280 €/month and 505 €/month, respectively.

What jobs pay well in Spain?

What is the best-paid job in Spain?

  • Surgeon, with an average salary of 64,500 euros yearly.
  • Project manager engineer, 59,900 euros.
  • Sales manager, with an average of 58,880 euros.
  • And IT director, with 48,000 euros a year.

Is Spain a poor country?

Over one-quarter (26.6 percent) of the Spanish population is at risk of poverty or social exclusion as of 2017. These results do also show, however, that this number has fallen from a peak of 29.4 percent in 2014. Spain has the highest youth poverty rate (. 221) in Western Europe.

What is the average take home pay in Spain?

The average monthly net salary in Spain (ES) is around 1 390 EUR, with a minimum income of 764 EUR per month.

Is living in Spain cheaper than the UK?

Spain has always been well known for generally having much lower living costs than the UK. According to Numbeo, the overall average cost of living in Spain is 18.2% cheaper than in the UK as a whole. One major area contributes to this fact, as rent is on average 33.19% lower in Spain than Britain.

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Is Madrid expensive to live?

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.

Is Madrid an expensive city?

Madrid is one of Europe’s cheapest capital cities, perfect for the traveler on a budget – you can eat, drink and get around town without spending a lot.

Is it cheaper to live in Madrid?

Summary about cost of living in Madrid, Spain: Family of four estimated monthly costs are 2,722$ (2,400€) without rent. A single person estimated monthly costs are 766$ (675€) without rent. Madrid is 41.58% less expensive than New York (without rent).