🇪🇸 Madrid · EUR salary guide

Is €1,500 enough in Madrid?

A full breakdown of whether €1,500/month covers the cost of living in Madrid — including take-home pay after tax, monthly costs, your savings rate, and how long until financial independence.

😰
Not enough
At average costs you'd be 1,550/month short. Consider shared accommodation or a higher salary.
€1,140
Take-home after 24% tax
€2,690
Average monthly costs
€1,550
Shortfall per month
⚠️ At €1,500/month, costs exceed take-home pay in Madrid. You need at least €3,539/month gross to break even at average costs. The biggest saving: shared accommodation reduces rent from €1,400 to roughly €700.

Where your €1,500 goes in Madrid

🏠 Rent
€1,400
🛒 Groceries
€340
🚇 Transport
€50
🍽 Dining
€480
💡 Utilities
€120
📦 Other
€300
Total costs €2,690/month

Key facts about Madrid

Spain's capital with the same Beckham Law advantage as Barcelona. Strong job market, vibrant culture, slightly more affordable than Barcelona.

Tax situation

Beckham Law available for qualifying workers. Flat 24% for first 6 years in Spain.

Best investment accounts

Interactive Brokers or DEGIRO. Same investment options as Barcelona.

Compare other salary levels in Madrid

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