Average Salary in Community of Madrid

Autonomous community of Spain · Data verified 2026-01-01

Minimum wage

€7.96 /hr

Average salary €2,685 /mo

Matches Spain national rate #13 of 19 autonomous community Since 2026-01-01

With a population of 7.2 million, Community of Madrid is a autonomous community of Spain whose economy centers on financial services and technology and it. The autonomous community follows the national minimum wage of €7.96 per hour. Workers earn an average gross salary of €2,685 per month.

• AT A GLANCE

Rank: #13 of 19; autonomous community
vs National: =; Spain floor
Annual (est.): €16,557; full-time, before tax
Change Since 2024: +4%; nominal wage

Wage Breakdown

Hourly: €7.96
Monthly: €1,221 SMI 2025 (14 payments/year)
Annual: €17,094 SMI 2025 (14 payments x €1,184)

Spain's Salario Mínimo Interprofesional (SMI) is set nationally — no regional variation. Spain's largest economy and highest GDP per capita.

At this rate, a full-time worker earns approximately €16,557 /yr before tax. Whether that covers living costs depends on local prices. See Spain purchasing power context.