Incredible salaries in Spain - find out how much you could be earning! | Blog

Incredible salaries in Spain - find out how much you could be earning!

Wages are defined as the amount of money a person or business earns over a certain period of time through employment or self-employment. In Spain, wages can vary greatly depending on the sector and region in which a person works. In this article we will look at minimum wages in Spain, average wages in Spain and social security benefits for workers in Spain.

Minimum wage in Spain

Spain has both national and regional minimum wage laws that set the minimum amount that employers are entitled to pay their employees. Currently, the national minimum wage is €900 per month (gross) for all Spanish workers, regardless of their age or region. However, there are some exceptions to this law, such as apprenticeships and internships, which can be paid below the legal minimum wage.

Average salary in Spain

The average salary across all industries and regions is €1,735 (gross) per month, according to official Spanish statistics for 2019. However, salaries can vary significantly depending on where you work and what type of job you have.

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For example, people working in Madrid tend to earn more than those working outside of Madrid due to the higher cost of living in the capital. Similarly, wages in some industries, such as finance, tend to be higher than in other industries, such as retail or hospitality, because of the higher demand for skilled workers in these industries.

Social benefits for employees in Spain

In addition to the wages paid by employers, workers are also entitled to various social benefits provided by the Spanish government. In order to receive these benefits, employers and employees must make monthly contributions to the social security fund through payroll deductions. The types of benefits available include unemployment insurance, which covers up to 70% of lost income during periods when a worker cannot find work; health insurance, which provides access to health services at reduced prices; pension benefits, which provide a regular income after retirement; maternity/paternity leave; family subsidies; and death benefits, which provide financial assistance after a worker's death.

Conclusion

Finally, we looked at wages in Spain, including the minimum payments required by law, as well as typical salaries in different industries/regions. We also discussed how social security benefits can provide additional financial support during periods when a worker may not be receiving a full salary due to illness, unemployment and so on. Clearly, with careful planning, any worker should be able to live comfortably while enjoying life abroad in sunny Spain!