Sovereign

Is 30.000 € a Good Salary in Madrid?

An honest, data-driven analysis of purchasing power, lifestyle affordability, and tax impact for 2024.

The Verdict

Below Typical Professional Income

At 30.000 €, your income is below the estimated professional median for Madrid (~52.000 €). Budgeting will be essential, especially for housing in central districts.

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Estimated Monthly Allocation

Monthly Net Income
1753 €
Housing & Utilities
789 €

Target 30-35% of net. Covers rent/mortgage in outer districts.

Groceries & Transport
614 €

Core living expenses adjusted for Madrid CPI.

Lifestyle & Leisure
263 €

Dining out, entertainment, and personal care.

Savings & Investment
88 €

Remaining allocation for long-term wealth.

Other salary checks in Madrid

Jump to adjacent income bands to stress test lifestyle outcomes.

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Compare 30.000 € across peer hubs

Same salary, different macro-region hubs to benchmark opportunity cost.

Adjust the Numbers

Salary FAQs

What does 30.000 € translate to after tax in Madrid?
Our deterministic engine estimates roughly 21.035 € per year (~1753 € monthly) after Spain income taxes and mandatory social contributions for a single filer.
Can 30.000 € comfortably cover housing in Madrid?
Allocating about 789 € (45% of monthly net income) keeps housing and utilities within the recommended 30–35% band even in prime districts.
How much could I save earning 30.000 € in Madrid?
Following the Sovereign allocation, you could direct roughly 88 € per month (5% of take-home pay) toward investments, reserves, or debt payoff.