Over this 23-year period, annual wages in Spain fluctuated greatly, ranging from a low of 29,892 euros in 2006 to a high of approximately 33,253 euros in 2009. The average annual wage stood at approximately 31,945 euros in 2023. Compared to other European countries, Spain ranked fairly low in 2023. The annual salary in the Iberian country was similar to salaries in Italy and Slovenia, but remained far from the figures that were registered in France, Ireland, and Germany. Minimum wage Spain's minimum monthly wage was 1,134 euros as of 2024. Unlike the average annual wage, it has been constantly increasing on a nearly continuous basis since 2008, when the minimum wage was 600 euros per month. In 2019, the Socialist government of Spain passed a law by that increased the national minimum wage by 164 euros, therefore making it stand at 900 euros per month and reflecting the largest increase to date. Along with the monthly wage, the national minimum daily wage has also been raised consistently over the past years. In 2024, the gross minimum was 37.8 euros a day, whereas in 2000 it was 20 euros a day. Unequal pay The average salary in Spain diverges considerably according to different factors. For instance, the gender salary gap remains significant in the Mediterranean country, although it has shrunk in recent years. In 2022, the average salary for a male full-time employee was around nine percent higher than his female counterpart. The gender gap is even wider for permanent positions: that year, average annual salaries for women were roughly 6,000 euros less than average salaries for men. The salary gap is also conspicuous when looking at the wage for workers with disabilities, a gap that has increased in recent years. Geographic location is also important; the average net salary in regions such as Extremadura and the Canary Islands was less than 23,100 euros per year in 2022, far from the salary in the Basque Country and Madrid (32,300 and 31,200 euros, respectively).

Key information about Spain Household Income per Capita

• Spain Annual Household Income per Capita reached 14,807.750 USD in Dec 2022, compared with the previous value of 15,385.010 USD in Dec 2021.
• Spain Annual Household Income per Capita data is updated yearly, available from Dec 2007 to Dec 2022, with an averaged value of 13,903.387 USD.
• The data reached an all-time high of 16,562.434 USD in Dec 2008 and a record low of 11,880.468 USD in Dec 2015.
• In the latest reports, Retail Sales of Spain grew 3.100 % YoY in Dec 2023.

CEIC converts Annual Household Income per Capita into USD. National Statistics Institute provides Average Household Income per Capita in EUR. Federal Reserve Board average market exchange rate is used for currency conversions. Annual Household Income per Capita covers Net Household Income only.

Women and Men in Spain: Average, median, modal annual salary, part time and full time by period. Annual. National.

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.

Spain Household Annual Net Income: Avg: Galicia data was reported at 26,533.000 EUR in 2016. This records an increase from the previous number of 25,980.000 EUR for 2015. Spain Household Annual Net Income: Avg: Galicia data is updated yearly, averaging 26,267.000 EUR from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 27,986.000 EUR in 2009 and a record low of 25,614.000 EUR in 2014. Spain Household Annual Net Income: Avg: Galicia 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.

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 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.

Spain ES: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 15.400 % in 2021. This records a decrease from the previous number of 16.500 % for 2020. Spain ES: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 14.750 % from Dec 1980 (Median) to 2021, with 30 observations. The data reached an all-time high of 17.800 % in 2013 and a record low of 11.200 % in 1990. Spain ES: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Spain – Table ES.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

Spain Household Annual Net Income: Avg: Region of Murcia data was reported at 23,574.000 EUR in 2016. This records an increase from the previous number of 22,425.000 EUR for 2015. Spain Household Annual Net Income: Avg: Region of Murcia data is updated yearly, averaging 23,737.500 EUR from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 26,995.000 EUR in 2007 and a record low of 21,269.000 EUR in 2013. Spain Household Annual Net Income: Avg: Region of Murcia 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.

The age group comprising individuals over 65 years old has the highest average annual net income. The average income for this group in 2023 was 16,185 euros, which is approximately 3,000 euros higher than the income of individuals aged between 16 and 29 years.

Wages in Spain increased to 2442.32 EUR/Month in the fourth quarter of 2024 from 2205.43 EUR/Month in the third quarter of 2024. This dataset provides the latest reported value for - Spain Average Nominal Monthly Wage - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The average pre-tax income of the top ten percent earners in Spain was over 95,500 euros at purchasing power parity (PPP) as of 2022, almost nine times more than the average income of the bottom half earners. Looking at the distribution of national income in Spain, the earnings of the least affluent half of the population equated to 21 percent of the total country income in 2022, 0.1 percentage points less than one decade earlier. Moreover, the top one percent of earners in Spain accounted for over ten percent of the overall national income.

Spain Household Annual Net Income: Avg: Cantabria data was reported at 27,024.000 EUR in 2016. This records an increase from the previous number of 25,787.000 EUR for 2015. Spain Household Annual Net Income: Avg: Cantabria data is updated yearly, averaging 26,109.000 EUR from Dec 2007 (Median) to 2016, with 10 observations. The data reached an all-time high of 31,234.000 EUR in 2008 and a record low of 23,905.000 EUR in 2013. Spain Household Annual Net Income: Avg: Cantabria 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.

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

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Spanish Fork: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 762(6.39%) households where the householder is under 25 years old, 5,371(45.01%) households with a householder aged between 25 and 44 years, 3,659(30.66%) households with a householder aged between 45 and 64 years, and 2,141(17.94%) households where the householder is over 65 years old.
• The age group of 45 to 64 years exhibits the highest median household income, while the largest number of households falls within the 25 to 44 years bracket. This distribution hints at economic disparities within the city of Spanish Fork, showcasing varying income levels among different age demographics.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Spanish Fork median household income by age. You can refer the same here

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. 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. 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.

Women and Men in Spain: Average annual salary by sectors of economic activity and period. Annual. National.

Spain Household Annual Net Income: Avg: Catalonia data was reported at 31,339.000 EUR in 2015. This records an increase from the previous number of 30,655.000 EUR for 2014. Spain Household Annual Net Income: Avg: Catalonia data is updated yearly, averaging 31,201.000 EUR from Dec 2007 (Median) to 2015, with 9 observations. The data reached an all-time high of 33,297.000 EUR in 2009 and a record low of 30,407.000 EUR in 2013. Spain Household Annual Net Income: Avg: Catalonia 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.

In 2023, women's net income was 13,921 euros, while men's net income was 14,249 euros. In all years analyzed, men earned more than women in Spain. However, the gender pay gap fluctuated over time, narrowing to 88 euros in 2013.