🇪🇸 Madrid · EUR salary guide
Is €4,000 enough in Madrid?
A full breakdown of whether €4,000/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.
📊 A 12% savings rate means reaching financial independence in roughly 38 years. To accelerate: increase income, reduce rent (your largest cost at €1,400/month), or plan to spend retirement in a lower-cost location.
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.
Your path to financial independence in Madrid
FIRE number for MadridBased on average costs of €2690/month, your financial independence number is €807,000 — the portfolio that covers your costs indefinitely at a 4% annual withdrawal.