The average annual net earning for an individual in the European Union was 28,000 Euros in 2023, an increase of over 2000 Euros since 2022. The average earning figure may not represent what a normal person earns in the EU, however, as this figure is skewed by regions and individuals which earn higher amounts.

Women and Men in Spain: Average annual net income by household by age of the reference person and period. Annual. National.

In 2023, the average annual net income per capita in Spain was 14,082 euros. The autonomous community with the highest average annual net income was the Basque Country, where it exceeded 18,189 euros. In contrast, Extremadura was the region with the lowest average income, with 11,314 euros per year.

In 2023, the average annual net income per capita for individuals aged 30-44 amounted to approximately 14,078 euros. The 65 and over age group has the highest average annual net income at 16,185 euros, which was five thousand euros higher than the 16 to 29 age group at 10,129 euros.

Spain Household Annual Net Income: Avg: Aragon data was reported at 29,098.000 EUR in 2016. This records an increase from the previous number of 28,019.000 EUR for 2015. Spain Household Annual Net Income: Avg: Aragon data is updated yearly, averaging 29,325.000 EUR from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 31,598.000 EUR in 2008 and a record low of 28,019.000 EUR in 2015. Spain Household Annual Net Income: Avg: Aragon data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.

Analysis of ‘Average annual net income per household, person and consumption unit, by type of household. MYH (API identifier: 10942)’ provided by Analyst-2 (analyst-2.ai), based on source dataset retrieved from http://data.europa.eu/88u/dataset/urn-ine-es-tabla-t3-452-10942 on 08 January 2022.

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Table of INEBase Average annual net income per household, person and consumption unit, by type of household. National. Women and Men in Spain

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Spain’s average income per capita has increased every year since 2014, when the Sovereign Debt Crisis caused a recession. In 2023, the figure amounted to 14,008 euros after taxes, up from 13,008 the previous year. Though this is the highest level to date, the increase is only slightly faster than inflation.

Age and regional differences

The net income per person broken down into age groups shows that young workers, aged between 16 and 29, earn almost 1,300 euros less annually than the national average and more than three thousand euros bellow the average income of workers above 65. This is to be expected, as workers gain experience and expertise as they age. However, regional differences are more remarkable. In the autonomous community with the highest average annual net income, the Basque Country, that figure exceeded 18,189 euros in 2023, while Murcia, which ranked as the region with the lowest average income, registered an average of approximately 11,314 euros per that year.

Disposable income

The income which remains once taxes and social security charges are deduced is known as disposable income. As of 2023, household savings as share of total disposable income in Spain stood at 7.3 percent. However, savings in relation to disposable income are is expected to diminish in the following years. During the last decade, and particularly throughout the Spanish Sovereign Debt Crisis, the country’s households suffered from high rates of indebtedness in relation to gross disposable income. At the peak in 2013, the indebtedness ratio, the ratio of debt to annual income, exceeded 130 percent. The ratio has since decreased and stood at 93.96 percent in the third quarter of 2022.

Average net earnings in the European Union was 26,136 Euros for a single person with no children in 2022, while for a couple with children who both worked it was 55,573 Euros. Among countries in Europe, Switzerland was the country with the highest net earnings in 2022, followed by Iceland, Luxembourg, and Norway. The lowest net earnings were found in Bulgaria and Romania, where a single person without children earned on average less than 9,000 Euros in 2022.

Spain Household Annual Net Income: Avg: Extremadura data was reported at 21,671.000 EUR in 2015. This records an increase from the previous number of 21,092.000 EUR for 2014. Spain Household Annual Net Income: Avg: Extremadura data is updated yearly, averaging 21,671.000 EUR from Dec 2007 (Median) to 2015, with 9 observations. The data reached an all-time high of 24,054.000 EUR in 2008 and a record low of 19,364.000 EUR in 2013. Spain Household Annual Net Income: Avg: Extremadura data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.

Spain Household Annual Net Income: Avg: Principality of Asturias data was reported at 27,020.000 EUR in 2015. This records an increase from the previous number of 25,909.000 EUR for 2014. Spain Household Annual Net Income: Avg: Principality of Asturias data is updated yearly, averaging 27,364.000 EUR from Dec 2007 (Median) to 2015, with 9 observations. The data reached an all-time high of 30,881.000 EUR in 2008 and a record low of 25,623.000 EUR in 2013. Spain Household Annual Net Income: Avg: Principality of Asturias data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.

Graph and download economic data for Median Personal Income in the United States (MEPAINUSA646N) from 1974 to 2023 about personal income, personal, median, income, and USA.

Spain Household Annual Net Income: Avg: Community of Madrid data was reported at 31,370.000 EUR in 2015. This records an increase from the previous number of 31,243.000 EUR for 2014. Spain Household Annual Net Income: Avg: Community of Madrid data is updated yearly, averaging 33,889.000 EUR from Dec 2007 (Median) to 2015, with 9 observations. The data reached an all-time high of 36,401.000 EUR in 2008 and a record low of 31,243.000 EUR in 2014. Spain Household Annual Net Income: Avg: Community of Madrid data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.

Graph and download economic data for Real Median Family Income in the United States (MEFAINUSA672N) from 1953 to 2023 about family, median, income, real, and USA.

In 2023, the average annual net household income in Spain was 34,821 euros. Far from the national average was the net household income in the southern regions of Extremadura and Andalusia, where it was less than 30,000 euros. The community with the highest average income was Madrid, with more than 42,900 euros.

Living Conditions Survey (LCS): Households by size of the household and average annual net income per household, per person and per consumption unit (2003). National.

Spain Household Annual Net Income: Avg: Others without Dependent Children data was reported at 36,701.000 EUR in 2015. This records an increase from the previous number of 35,965.000 EUR for 2014. Spain Household Annual Net Income: Avg: Others without Dependent Children data is updated yearly, averaging 39,744.000 EUR from Dec 2007 (Median) to 2015, with 9 observations. The data reached an all-time high of 42,900.000 EUR in 2008 and a record low of 35,965.000 EUR in 2014. Spain Household Annual Net Income: Avg: Others without Dependent Children data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.

Living Conditions Survey (LCS): Average net annual household income (the year prior to that of the interview), by household size. Annual. National.

Information on net earnings (net pay taken home, in absolute figures) complements gross earnings data with respect to disposable earnings. The transition from gross to net earnings requires the deduction of income taxes and employee's social security contributions from the gross amounts and the addition of family allowances, if appropriate. The amount of these components and therefore the ratio of net to gross earnings depend on the individual situation (marital status, number of dependent children, and level of gross earnings compared to the average salary). The figures, expressed in real values in PPS, represent either the annual amount or the average of the last 3 years. The data is based on a widely acknowledged model developed by the OECD, where tax and benefit information is obtained from national sources.

Living Conditions Survey (LCS): Household income by type of household. Annual. National.

Spain Household Annual Net Income: Avg: One Adult with One or More Dependent Children data was reported at 19,919.000 EUR in 2015. This records an increase from the previous number of 18,208.000 EUR for 2014. Spain Household Annual Net Income: Avg: One Adult with One or More Dependent Children data is updated yearly, averaging 18,335.000 EUR from Dec 2007 (Median) to 2015, with 9 observations. The data reached an all-time high of 19,919.000 EUR in 2015 and a record low of 17,070.000 EUR in 2013. Spain Household Annual Net Income: Avg: One Adult with One or More Dependent Children data remains active status in CEIC and is reported by National Statistics Institute. The data is categorized under Global Database’s Spain – Table ES.H017: Households Net Income.