The average household income in Spain is approximately €27,000 per year.
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According to recent data, the average household income in Spain is approximately €27,000 per year. However, this figure can vary greatly depending on the region and city in which the family resides. For example, Barcelona and Madrid have higher average incomes, while regions like Extremadura and Andalucia have lower incomes.
Furthermore, it’s important to note that the COVID-19 pandemic has had a significant impact on household incomes across Spain. In fact, the number of people living in poverty in Spain has risen by over 1 million since the start of the pandemic. As a result, the Spanish government has implemented various programs and incentives to help support families in need during these difficult times.
In addition, it’s interesting to compare the average household income in Spain to other countries around the world. According to recent data from the OECD, the average household income in the United States is over €60,000 per year, while the average household income in Mexico is around €12,000 per year.
Overall, it’s clear that household income is an important factor in determining social and economic mobility for families in Spain and around the world. As Warren Buffett once said, “The rich are always going to say that, you know, just give us more money and we’ll go out and spend more and then it will all trickle down to the rest of you. But that has not worked the last 10 years, and I hope the American public is catching on.”
To provide a more comprehensive view of household incomes in Spain, below is a table showing the average income by region.
| Region | Average Household Income (€) |
|---|---|
| Madrid | 38,900 |
| Catalonia | 32,300 |
| Basque Country | 31,800 |
| Navarra | 31,200 |
| Balearic Islands | 30,500 |
| Aragon | 29,800 |
| Cantabria | 28,400 |
| La Rioja | 28,100 |
| Valencia | 27,400 |
| Castilla y León | 26,800 |
| Canary Islands | 26,700 |
| Asturias | 26,400 |
| Murcia | 25,800 |
| Andalusia | 24,700 |
| Castilla-La Mancha | 22,900 |
| Extremadura | 21,600 |
(Source: National Institute of Statistics, 2020)
View the further responses I located
The average median household income (PPP) was $40,094 in 2021. Spain’s median household income (PPP) hit $28,365 in 2021, an increase of 1.6% over the previous year. Between 2010 to 2021, Spain’s median household income increased by 28.4%.
Median Household Income in Spain (2010 – 2021, Purchasing Power Parity in Current International Dollars)
- The median household income (PPP) in Spain was $28,365 in 2021
- Median household income (PPP) of Spain increased by 1.6% from the previous year in 2021
- Between 2010 to 2021, the median household income (PPP) in Spain was highest in 2017 at $28,555 and was lowest in 2011 at $20,554
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Associated video
In this video, the presenter explains the concept of median income and provides information on the median income for various age groups in the US. The presenter talks about the importance of developing a savings habit at a young age, even if it means starting small and increasing contributions over time. The video covers the recommended savings amounts by different ages, which many people fall short of, emphasizing the need to prioritize saving for a secure future. The presenter also talks about the role of Social Security and how changes may need to be made to keep the system sustainable. Overall, the video highlights the importance of setting financial goals and prioritizing savings to ensure financial stability in the future.
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If we set different income thresholds in each autonomous community region, taking account of the differing income levels, middle-class individuals in Spain have an income of between 7,750 and 39,000 euros, with an average of 18,100 euros.
| Characteristic | Average income in euros at PPP |
|---|---|
| Bottom 50% | 12,900 |
| Middle 40% | 34,000 |
| Top 10% | 105,500 |
| Top 1% | 378,800 |
Apr 17, 2023