The average and minimum salary in Madrid will help travelers and expats to understand the economic reality of the Spain’s largest city
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
The minimum salary in Madrid, Spain is currently of € 950 (salario minimo interprofessional) as of January 2021. Spain has a national minimum wage that applies to all regions.
Madrid has in fact some of the highest wages in Spain. The current minimum salary in Madrid is on pair with the local cost of living. Housing costs however are pretty elevated in the capital, therefore, the minimum salary may not be enough to afford a good rent, especially if you live alone and working a minimum wage job.
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 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. 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.
Here are some average salaries per profession in Madrid, Spain (net) per month:
|Job in Madrid||Average salary per month (net in EUR)|
|Hotel receptionist salary (recepcionista)||1200 euros / month|
|Cleaner (hotel, restaurant) (camarera)||1000 euros / month|
|Cook / Chef (cocinero)||1100 euros / month|
|Waiter (camarero de restaurante)||1000 euros / month|
|Restaurant / Hotel Manager (gerente de hotel/restaurante)||2100 euros / month|
|Information Technology Industry|
|IT Analyst (analista de informacion TI)||1800 euros / month|
|Data Scientist||2100 euros / month|
|Frontend Developer||1300 euros / month|
|App Software Developer (Android)||1600 euros / month|
|Python Developer||1800 euros / month|
|Full Stack Developer||2300 euros / month|
|Project Manager||2000 euros / month|
|Engineering and Logistics Industry|
|Driver (conductor)||1000 euros / month|
|Civil Engineer (ingeniero civil)||1800 euros / month|
|Architect (arquitecto)||1800 euros / month|
|Mechanical Engineer (ingeniero mecanico)||2000 euros / month|
|Warehouse Manager (gerente de almacen)||1600 euros / month|
|Nurse (enfermero)||1800 euros / month|
|Doctor (GP) (medico general)||3000 euros / month|
|Dentist (dentista)||2800 euros / month|
|Pharmacist (farmaceutico)||1700 euros / month|
|Accountant (contable)||1500 euros / month|
|Lawyer (abogado)||1800 euros / month|
|Real Estate Agent (agente inmobiliario)||1400 euros / month|
|Sales Representative (vendedor)||1000 euros / month|
|Financial Manager (gerente financero)||2000 euros / month|
|Media and Marketing Jobs Industry|
|Designer||1200 euros / month|
|Journalist (periodista)||1400 euros / month|
|Photographer (fotografo)||1300 euros / month|
|Translator (traductor)||1200 euros / month|
Madrid Economic Outlook
It is predicted that Madrid’s economy will grow in 2018 and 2019, but showing a rather humble growth. Creating not just more jobs, but better ones, continues to be a struggle in Madrid and other areas of Spain as well.
It is not expected that the average cost of living will go down. It is predicted to be stable for the next two years.
Interesting Resources for Working and Living Abroad
Are you really considering to work and live abroad, temporarily or permanently? Below are some resources that might be useful for you around the web:
Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers.
You may also want to check our website guides:
Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world, always in the most comfortable way with optimal prices to enhance your travel experience.
Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships.
Work Abroad Guide: Learn how to find a job and employment requirements in different countries. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. It also covers about remote work and TEFL jobs.