- Average salary: €35,000/year gross (9% above Spain average)
- Tech salary: €42,000/year (20% premium over city average)
- Cost of living index: 55.8 — moderately priced compared to major EU cities
Key Salary Metrics
Purchasing Power
Purchasing power measures how far your salary goes relative to the cost of living. A score of 627.2 means Madrid offers moderate value for earners.
Comparison to National Average
Other Cities in Spain
Frequently Asked Questions
What is the average salary in Madrid in 2026?
The average gross salary in Madrid, Spain is approximately €35,000 per year. This is higher than the national average of €32,000.
How much do tech workers earn in Madrid?
Tech professionals in Madrid earn approximately €42,000 per year on average, which is 20% above the city's overall average salary.
What is the cost of living in Madrid?
Madrid has a cost of living index of 55.8 and a rent index of 28.4. This makes it moderately priced compared to other major European cities.
How does Madrid compare to other cities in Spain?
Among cities in Spain, Madrid ranks 1 for average salaries. The salary difference between the highest and lowest paying cities in Spain is significant.
Is Madrid a good place to work in Europe?
With a purchasing power score of 627.2, Madrid offers a moderate balance between salaries and cost of living compared to other European cities.