🇪🇸 Madrid · Salary guide

Is €3,500 enough in Madrid?

Full breakdown of whether €3,500/month covers life in Madrid — take-home pay, monthly costs, savings rate, and path to financial independence.

😰

Not enough

Average costs in Madrid: €2,690/month · Take-home: €2,660 · Shortfall: €30

€2,660

Take-home after tax

€2,690

Average monthly costs

€30

Shortfall

⚠️ Costs exceed take-home pay at this salary. Consider shared accommodation or a higher income.

Cost breakdown in Madrid

🏠 Rent

€1,400

🛒 Groceries

€340

🚇 Transport

€50

🍽 Dining

€480

💡 Utilities

€120

📦 Other

€300

Total€2,690/month

Spain's capital with Beckham Law advantage. Strong job market.

Beckham Law: flat 24% for qualifying new residents for 6 years.

Interactive Brokers or DEGIRO.