Madrid Market Data

Explore compensation benchmarks, tax liabilities, and cost of living adjustments for professionals in Madrid.

About Madrid

Spain’s capital combines sovereign institutions with a fast-scaling tech and VC ecosystem.

Madrid represents a primary financial and business hubin Spain, attracting professionals from around the world. The city's strategic location, business-friendly environment, and quality of life make it an attractive destination for career growth and wealth accumulation.

Key Market Indicators

Cost of Living

Index score (100 = global average)

Rent Index

Housing cost indicator

Median Income

52.000 €

Estimated professional median

Tax System in Spain

Spain combines national income tax with autonomous community surcharges and sizable employee social security contributions funding pensions and healthcare.

Example Calculation

For a professional earning 52.000 € annually in Madrid:

Gross Income

52.000 €

Net Income

33.939 €

Tax Rate

34.7%

Monthly Take-Home

2828 €

Popular Salary Benchmarks

Explore compensation data for key roles in Madrid

View All

AI Engineer

180.000 €

Estimated base salary

Machine Learning Researcher

190.000 €

Estimated base salary

Product Manager

Tech

135.000 €

Estimated base salary

Fintech Product Manager

Tech

150.000 €

Estimated base salary

Data Engineering Manager

Tech

155.000 €

Estimated base salary

Data Scientist

Tech

125.000 €

Estimated base salary

Solutions Architect

Tech

145.000 €

Estimated base salary

Blockchain Architect

Tech

160.000 €

Estimated base salary

DevOps Engineer

Tech

130.000 €

Estimated base salary

Site Reliability Engineer

Tech

140.000 €

Estimated base salary

Cybersecurity Director

Tech

185.000 €

Estimated base salary

UX Designer

Tech

105.000 €

Estimated base salary

Investment Banker

Finance

150.000 €

Estimated base salary

Private Equity Associate

Finance

170.000 €

Estimated base salary

Hedge Fund Analyst

Finance

160.000 €

Estimated base salary

Portfolio Manager

Finance

200.000 €

Estimated base salary

Quantitative Researcher

Finance

210.000 €

Estimated base salary

Venture Capital Partner

Finance

220.000 €

Estimated base salary

Wealth Manager

Finance

140.000 €

Estimated base salary

Chief Financial Officer

Executive

250.000 €

Estimated base salary

Compare with Similar Markets

London

Europe’s leading financial center. Salaries typically include a "London weighting" to offset housing costs.

Dublin

The Silicon Valley of Europe. Home to EMEA headquarters of Google, Meta, and Apple, driving high tech wages.

Berlin

Germany’s startup capital, known for moderate living costs relative to other European capitals.

Munich

An industrial and tech powerhouse with the highest cost of living and salary standards in Germany.

Frankfurt

The Eurozone’s banking seat with outsized compensation in finance, law, and consulting.

Paris

Continental Europe’s primary business district hosts major banking and luxury headquarters.

Frequently Asked Questions

What is the cost of living in Madrid?↓

Madrid has a cost of living index of 52 and a rent index of 42, making it a moderately priced city. Housing costs are manageable relative to other major cities.

How does the tax system work in Spain?↓

Spain combines national income tax with autonomous community surcharges and sizable employee social security contributions funding pensions and healthcare.

What is a good salary in Madrid?↓

For professionals in Madrid, we estimate the median income at approximately 52.000 €. A salary above this level provides comfortable living standards, while salaries significantly below may require careful budgeting, especially for housing in prime districts.

What industries are strongest in Madrid?↓

Madrid is a major business hub with strong presence across multiple sectors. The city's status as a financial and technology center attracts professionals from various industries, with particularly strong opportunities in finance, technology, and professional services.