The Complete Guide to Average Salary in Spain (2024)
Are you curious about the minimum and average salary in Spain? In this comprehensive guide, we’ll explore factors that influence the average salary in Spain with information on minimum wage rates, average monthly earnings, and more. Whether you’re planning to move to Spain or simply interested in its economic trends, this article will breakdown what is the average salary in Spain for year 2024.
What is The Average Salary in Spain?
The average salary in Spain in 2024 is approximately 2,300 EUR per month, which is about 2,465 USD. An average Spanish employee earns around 27,600 EUR per year, which is roughly 29,580 USD. The average hourly pay in Spain is around 13.30 EUR, which is about 14.26 USD in May 2024.
Average Salary by Age in Spain
Age significantly impacts salaries in Spain. According to recent data, individuals aged 25 to 34 earn an average of €2,500 per month, while those aged 55 and above earn around €2,500 monthly. Salary progression is influenced by age and experience.
Here’s an overview of the average salary range by age in Spain:
| Age Range | 10% | 75% | 90% | Average Salary |
| <24 | €1,200 | – | €2,500 | €1,500 |
| 25 – 34 | €1,200 | €3,000 | €4,500 | €2,500 |
| 35 – 44 | €1,200 | €3,500 | €5,000 | €3,000 |
| 45 – 54 | €1,200 | €3,200 | €4,800 | €2,800 |
| 55+ | €1,200 | €2,800 | €4,000 | €2,500 |
Average Salary by Region in Spain
Salaries in Spain differ by region. For instance, Madrid and Catalonia offer higher average salaries, around €40,000 per year. On the other hand, cities like Malaga and Granada may offer lower average salaries, averaging around €29,000 annually.
| Region | Average Salary Per Year |
| Madrid | €40,000 |
| Catalonia | €38,000 |
| Andalusia | €35,000 |
| Valencia | €33,000 |
| Basque Country | €40,000 |
| Canary Islands | €30,000 |
| Galicia | €32,000 |
| Castile and León | €31,000 |
| Castilla-La Mancha | €29,000 |
| Murcia | €33,000 |
Average Salary by City in Spain
Top cities in Spain offer varying salary prospects. Madrid and Barcelona, for example, boast average salaries of €40,000 and €38,000 per year, respectively. Meanwhile, Valencia and Seville offer average salaries of €33,000 and €31,000 annually.
Here’s the average salary breakdown by cities:
| City | Average Salary Per Year |
| Madrid | €40,000 |
| Barcelona | €38,000 |
| Valencia | €33,000 |
| Seville | €31,000 |
| Bilbao | €40,000 |
| Granada | €29,000 |
| Zaragoza | €32,000 |
| Malaga | €33,000 |
| Palma | €35,000 |
| Alicante | €30,000 |
Average Salary by Educational Attainment in Spain
Educational qualifications significantly impact salaries in Spain. Individuals with doctorate degrees earn an average of €45,000 per year, while those with bachelor’s degrees earn around €35,000 annually. Higher education correlates with higher salaries.
Here’s the average salary breakdown by educational level:
| Educational Level | Average Salary Per Year |
| Doctorate Degree | €45,000 |
| Master’s Degree | €40,000 |
| Bachelor’s Degree | €35,000 |
| Vocational Training | €30,000 |
| High School Diploma | €25,000 |
Average Salary by Gender in Spain
Gender disparities persist in Spain’s workforce. On average, male employees earn €36,000 per year, while female employees earn €32,000 annually. Addressing these disparities is crucial for achieving pay equity.
Here’s the average salary breakdown by gender:
| Gender | Average Salary Per Year |
| Male | €36,000 |
| Female | €32,000 |
Average Salary by Experience in Spain
Experience plays a crucial role in salary progression. According to Salary Explorer’s Salary Survey, individuals with 10 to 15 years of experience earn an average of 35% more than those with 2 to 5 years of experience.
| Experience | Average Progress |
| 2 to 5 years | 20% |
| 5 to 10 years | 30% |
| 10 to 15 years | 35% |
| 15 to 20 years | 25% |
| 20+ years | 20% |
Highest-Paying Professions in Spain
Several professions offer high earning potential in Spain. Software engineers, for example, earn an average of €3,500 per month, while data scientists earn around €3,200 monthly. These professions attract individuals seeking lucrative career paths.
Here’s the average salary breakdown by profession:
| Profession | Average Salary Per Month |
| Software Engineer | €3,500 |
| Data Scientist | €3,200 |
| Financial Analyst | €2,800 |
| Marketing Manager | €2,700 |
| IT Manager | €2,500 |
| Architect | €2,100 |
| Lawyer | €2,000 |
| Medical Specialist | €1,900 |
Average Salary by Industry in Spain
Different industries offer varying salary prospects. Understanding the average salaries by industry can help individuals make informed career choices. Here’s an overview of average salaries in key industries in Spain.
| Industry | Average Salary Per Year |
| Technology | €45,000 |
| Finance | €42,000 |
| Healthcare | €38,000 |
| Manufacturing | €35,000 |
| Hospitality | €30,000 |
| Education | €32,000 |
| Retail | €28,000 |
| Construction | €33,000 |
| Media & Entertainment | €36,000 |
| Professional Services | €40,000 |
Average Salary by Company Size in Spain
The size of the company can also impact salary levels. Larger companies often offer higher salaries compared to smaller ones. Here’s a breakdown of average salaries based on company size in Spain.
| Company Size | Average Salary Per Year |
| Small (1-50 employees) | €30,000 |
| Medium (51-500 employees) | €35,000 |
| Large (501+ employees) | €45,000 |
Average Salary by Language Proficiency in Spain
Language proficiency, particularly in Spanish and other languages, can influence salary levels, especially in multilingual job markets. Here’s an overview of how language skills impact salaries in Spain.
| Language Proficiency | Average Salary Increase |
| Bilingual (Spanish + One Other Language) | 15% |
| Multilingual (Fluent in Three or More Languages) | 25% |
| English Proficiency (Working Knowledge) | 10% |
| No Additional Language Skills | Standard Salary |
Average Salary by Remote Work Arrangements in Spain
With the rise of remote work, understanding how telecommuting impacts salaries is crucial. Here’s how remote work arrangements affect average salaries in Spain.
| Remote Work Arrangement | Average Salary Impact |
| Fully Remote | 10% |
| Partially Remote | 5% |
| Office-based only | Standard Salary |
Average Salary by Certification in Spain
Obtaining certifications can enhance skills and earning potential. Here’s how having specific certifications impacts average salaries in Spain.
| Certification | Average Salary Increase |
| Project Management Professional (PMP) | 15% |
| Certified Public Accountant (CPA) | 12% |
| Cisco Certified Network Associate (CCNA) | 10% |
| Salesforce Certified Administrator | 8% |
| Microsoft Certified Azure Solutions Architect | 10% |
| Certified ScrumMaster (CSM) | 10% |
| Google Certified Professional Cloud Architect | 10% |
| CompTIA A+ | 5% |
Average Salary by Work Hours in Spain
The number of hours worked per week can impact salary levels. Here’s a breakdown of average salaries based on work hours per week in Spain.
| Work Hours Per Week | Average Salary |
| Full-time (35-40 hours) | Standard Salary |
| Part-time (20-30 hours) | Proportional Salary Based on Hours |
| Flexible (Variable hours) | Variable based on hours worked |
Minimum Wage in Spain 2024
As of 2024, the minimum wage in Spain stands at €15,000 per year, equivalent to €1,250 per month. This minimum wage ensures fair compensation for entry-level positions and serves as a baseline for salary negotiations across industries.
Understanding salary dynamics in Spain is essential for individuals navigating the job market and planning their careers. By considering factors such as age, education, experience, gender, and region, individuals can gain valuable insights into salary expectations and make informed decisions to better negotiate on the average salary in Spain per month. If you found this guide helpful, be sure to bookmark Expat Observer for more insights into salaries in Spain.
