Spain offers a remarkably diverse living experience that defies simple stereotypes. Geographically, the country spans multiple climate zones and cultural regions, from the green, mountainous north with its Celtic-influenced Galician culture to the su...
Last updated: 3 months ago
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Life Expectancy
83.6
Population
47,351,567
Religions
Ethnic Composition
GDP
$1.43T
HDI
0.9
Quality of Life
82/100
+39 vs NYC
Purchasing Power
46/100
+4 vs NYC
Understanding the economic landscape is essential for evaluating living costs and opportunities in Spain. This comprehensive overview covers key financial indicators including cost of living, housing markets, income levels, and fiscal policies that shape daily life and long-term financial planning.
Meal, Inexpensive Restaurant
Meal for 2 People, Mid-range Restaurant, Three-course
McMeal at McDonalds (or Equivalent Combo Meal)
Domestic Beer (0.5 liter draught)
Apartment (1 bedroom) in City Centre
Apartment (1 bedroom) Outside of Centre
Apartment (3 bedrooms) in City Centre
Apartment (3 bedrooms) Outside of Centre
One-way Ticket (Local Transport)
Chicken Fillets (1kg)
Monthly Pass (Regular Price)
Gasoline (1 liter)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)
Mobile Phone Monthly Plan with Calls and 10GB+ Data
Milk (regular), (1 liter)
Loaf of Fresh White Bread (500g)
Eggs (regular) (12)
Local Cheese (1kg)
Fitness Club, Monthly Fee for 1 Adult
Tennis Court Rent (1 Hour on Weekend)
Cinema, International Release, 1 Seat
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child
Tax Information
Key tax highlights for Spain
Income Tax
19% - 47%
Progressive tax brackets
Social Security
~30.1%
Employee + Employer
Average Salary
€35,000
Annual (2024)
Spain uses progressive income tax brackets with standard deductions and personal allowances.
View Complete Tax Guide
Detailed breakdown, salary calculator, and tax class information
Tax rates shown are guideline values for 2024. Consult a tax professional for personalized advice.
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Coastline
N/A
Highest Point
Teide
Lowest Point
Mina de Las Cruces
Population
47,351,567
Currency
EUR
Timezones
UTC to UTC+01:00
Calling Code
+34
Week starts on
monday
Gini Coefficient
34.7 (2018)
Drives on the
right side
Data Source: Safety, crime, and quality metrics are sourced from Numbeo, a crowd-sourced global database of reported data.
All scores are relative comparisons on a 0-100 scale, where 50 = global average. Higher scores mean better than average, lower scores mean worse than average.