Median Gross Income per Month (Single)
The economy of Spain is the world's thirteenth-largest by nominal GDP and the fifth-largest in the European Union behind Germany, the United Kingdom, France, and Italy.
Your gross income of 2,791 EUR per month for a single person is:
- the same as the median gross Madrid income of 2,791 EUR
- higher than the median gross Barcelona income of 2,500 EUR
These values refer to your gross income. To compute your net income use our salary calculator.
Average Accommodation Cost per Month
While it is not imposed, it is recommended to spend less than 30% of your total household income on rent.
With a recommended accommodation cost of around 837 EUR per month, you could afford to:
- rent a one bedroom apartment in Madrid
- rent a one bedroom apartment in Barcelona
Standard of Living (Single)
Spain is known for having a good balance between the cost of living and the quality of life. This makes Spain one of the most popular Western European countries for expats looking to retire and enjoy good weather year-round.
According to the results of our survey, a single person on this salary and with no dependants could afford to:
- have a standard lifestyle, affording to go out a few times per week in Madrid
- have a standard lifestyle, affording to go out a few times per week in Barcelona
Cost of Food
|820 g (28.9 oz) of Bread||€ 0.95|
|1 L (1 qt) of Milk||€ 0.58|
|12 Pack of Eggs||€ 1.45|
|1 kg (2.2 lb) of Whole Chicken||€ 4.5|
|2 L Bottle of Coca-Cola||€ 1.59|
Cost of Utilities
|Broadband Internet Subscription||€ 34|
|Mobile Subscription||€ 10|
|Utilities for a Studio (gas, water, electricity)||€ 100|
|Utilities for a 2-bd. Apartment (gas, water, electricity)||€ 150|
|1 hour Cleaning Help||€ 12|
Cost of Transportation
|Monthly Barcelona City Bus & Metro Pass, 3 Zones||€ 75.60|
|Monthly Madrid City Bus & Metro Pass, 3 Zones||€ 72|
|Barcelona Taxi Price per km||€ 0.93|
|1 L (1/4 gal) of Gasoline||€ 1.21|
|Avg. Price for Car Insurance per year||€ 350|
Cost of Entertainment
|McDonald's Big Mac Meal||€ 6.45|
|Starbucks Large Coffee||€ 3.20|
|Large Beer in a Pub in Barcelona||€ 4.15|
|Dinner for Two at Restaurant in Barcelona||€ 42|
|Movie Ticket||€ 9|
With one of the lowest costs of living in Western Europe, Spain is a particularly affordable country that offers a great quality of life.
Spain has the 8th best healthcare in the world, and their public health system is free and easily accessible for all residents and citizens.
It is easy to live a healthy lifestyle in Spain thanks to their Mediterranean diet and the fact that they have the third highest life expectancy in the world.
The nation has the second highest number of World Heritage Sites in Europe, making it an excellent destination for historical and cultural tourism.
Spain has some of Europe's best and warmest weather, with southern regions receiving an average of 320 days of sunshine a year.
The working conditions in Spain tend to be precarious, especially for young people who often face unpaid internships or meager compensation.
At over 15%, almost double the EU overall average, Spain has Europe's second highest unemployment rate, just trailing behind Greece.
The panorama for startups and entrepreneurs in Spain is bleak due to strict government regulations and difficulties acquiring financing.
Spanish bureaucracy is notoriously frustrating, and this is especially true for individuals moving to the country from outside of the EU.
Getting used to the Spanish meal schedule can be a challenge, where lunch is eaten around 3 p.m. and dinner does not start until after 9 p.m.