The recorded salary range in Spain for the year 2022 is 137,000 EUR to 10,000 EUR per year. While, the average salary in Spain is recorded as 32,520 EUR per year.
Average Salary in Spain 2022:
|Less than 2 years||20,000 EUR|
|More than 2 years||32,520 EUR|
|More than 5 years||136,500 EUR|
Read More: Average Salary in South Africa
How Much Is The Minimum Salary in Spain?
Overall, the average earner has a salary of 2,710 EUR per month or 32,520 EUR per year. When compared to European countries like Germany and the UK, this figure falls short. However, it ranks much higher than most countries, including Italy, Portugal, Greece, Croatia, and Cyprus.
It is essential to differentiate between an average salary, median income, and the minimum wage in Spain. Unlike average salaries, minimum wages apply to everyone. Minimum wage jobs do not consider factors such as education and experience.
Instead, the government issues the annual minimum pay rate in Spain, accounting for differences in inflation and unemployment rates. In Spain, the minimum wage is 1,108 EUR per month.
Similarly, the median income is the halfway point in the country’s cumulative salaries. Below the median income are the lower averages whereas above it is the higher averages.
The average salary in Spain accounts for taxes, including payments to the public healthcare system and social security. Minimum wages do not consider these factors.
Highest Average Salaries in Spain 2022:
|Most Lucrative Jobs||Annual Income|
|Accounting and Finance|
|Accounting Assistant||20,400 EUR|
|Accounting Manager||47,300 EUR|
|Chartered Accountant||31,500 EUR|
|Corporate Treasurer||46,600 EUR|
|Financial Analyst||42,100 EUR|
|Financial Manager||62,900 EUR|
|Internal Auditor||32,100 EUR|
|Administration / Reception / Secretarial|
|Administrative Assistant||18,800 EUR|
|Office Manager||30,700 EUR|
|Advertising / Grapic Design / Events|
|Art Director||32,800 EUR|
|Creative Director||33,500 EUR|
|Graphic Designer||22,600 EUR|
|Airlines / Aviation / Aerospace / Defense|
|Aerospace Engineer||44,100 EUR|
|Air Traffic Controller||38,400 EUR|
|Flight Attendant||23,600 EUR|
|CAD Drafter||18,900 EUR|
|Service Advisor||23,800 EUR|
|Bank Branch Manager||61,500 EUR|
|Business Analyst||43,400 EUR|
|Business Development Manager||51,900 EUR|
|Project Manager||41,300 EUR|
|Care Giving and Child Care|
|Nursery Teacher||14,400 EUR|
|Construction / Building / Installation|
|Civil Engineer||30,200 EUR|
|Construction Project Manager||55,300 EUR|
|Health and Safety Officer||16,100 EUR|
|Customer Service and Call Center|
|Call Center Representative||14,100 EUR|
|Customer Service Manager||45,500 EUR|
|Customer Service Representative||14,500 EUR|
|Civil Engineer||31,800 EUR|
|Electrical Engineer||34,000 EUR|
|Mechanical Engineer||31,500 EUR|
|Executive and Management|
|Chief Executive Officer||71,600 EUR|
|Chief Financial Officer||68,800 EUR|
|General Manager||58,300 EUR|
|Project Manager||38,900 EUR|
|Food / Hospitality / Tourism / Catering|
|Executive Chef||25,800 EUR|
|Hotel Manager||57,000 EUR|
|Travel Agent||22,300 EUR|
|Waiter / Waitress||12,400 EUR|
|Health and Medical|
|Laboratory Technician||25,500 EUR|
|Human Resources Manager||49,800 EUR|
|Human Resources Officer||21,700 EUR|
|Computer Technician||26,400 EUR|
|Database Administrator||33,200 EUR|
|Developer / Programmer||33,100 EUR|
|Information Technology Manager||55,700 EUR|
|Network Engineer||30,600 EUR|
|Law Enforcement / Security / Fire|
|Police Officer||20,500 EUR|
|Legal Assistant||18,800 EUR|
|Media / Broadcasting / Arts / Entertainment|
|Pharmaceutical and Biotechnology|
|Biomedical Engineer||29,100 EUR|
|Sales Retail and Wholesale|
|Sales Manager||55,100 EUR|
|Sales Representative||22,300 EUR|
|Teaching / Education|
|Elementary School Teacher||23,800 EUR|
|Secondary School Teacher||27,400 EUR|
Read More: Average Salary in Toronto
With an annual GDP of US$1.4 trillion, Spain is one of the richest countries in the world. The country has over 30 billionaires, falling into the top 20 percentile of the world’s billionaire population. As such, the average salary in Spain is higher than that of most European countries.
In fact, the World Bank states that Spain is the fifth richest country in Europe with a growth rate of 2.4%. The nominal GDP rounds up to 26,573 EUR. Although the GDP does not necessarily represent changes in the average pay rates, it is a reliable measure of all wages and salaries.
How Does Salary Allocation Work in Spain?
The average salary allocation can vary, depending on an employer’s requirements. On the whole, most employers look at experience, education, and gender when assigning their average salary packages in Spain.
However, these factors are prioritized differently, depending on the career field. For instance, surgeons, who make at least 64,500 EUR annually, require extensive years of education and experience. The job may have a higher pay-off, but it requires years of learning and practice.
Therefore, for surgeons and other medical field practitioners, the average salary compensation increases with levels of education and experience.
Location can also determine salary compensation. In Spain, larger cities like Madrid and Barcelona have higher average salary rates. Since the living costs are higher in these cities, the average salary can go up to 3,130 EUR per month (37,560 EUR annually).
Lastly, gender is also an essential factor in some fields, particularly STEM fields. In recent years, gender disparity in wages has gotten much better. In fact, Spain currently falls in the world’s top 10 countries for gender equalities.
However, the gender wage gap still exists. On average, women earn 4% less salaries than men in Spain. Men typically make 2,770 EUR monthly. In contrast, women make 2,660 EUR per month.
Learn More: Average Salary in Mexico
Who Are the Top Earners in Spain?
As mentioned, there are multiple billionaires who have Spanish nationalities. There are around 30 people in the country who have different rankings in the global billionaire index. They are involved in various industries, including investments, banking, and real estate.
However, out of them all, these earners have the highest-paying jobs in Spain:
Ortega is the fifth richest man in the world with a net worth of US$71.3 billion. He owns Inditex, a multinational fashion company. It is based in Arteixo, Galicia in Spain. The company’s most popular label is the clothing brand Zara.
Apart from fashion, Ortega has various real estate holdings. When combined, his holdings are worth US$17.2 billion.
Juan Roig runs the Spanish supermarket chain, Mercadona. He has a net worth of US$5.1 billion, and as such, he is the second richest man in Spain. Although he is the company’s president, he owns 78% shares, making his personal worth around US$4.3 billion.
Miguel Fluxà Rosselló
Rosselló owns Iberostar Group, which is a multinational tourism corporation. The company’s main focus is its hotel and resort chain, which have multiple locations across Spain, other parts of Europe, and North America. Rosselló is worth around US$3.3 billion.
Read More: Average Salary in Phillippines
In sum, the average salary in Spain is much higher due to the country’s flourishing economy. Although the average income in Spain is far less than the billionaires mentioned above, the country’s equity rates are quite high.
On average, salary compensations, particularly in business, medical, and financial fields, are very realistic. They factor in multiple benefits such as paid medical leaves, state pension, and social welfare.