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Understand wages and the 2026 minimum wage in Madrid

INE’s Annual Wage Structure Survey for 2023 gives an average gross annual wage of EUR 32,219.60 per worker in Comunidad de Madrid versus EUR 28,049.94 for Spain; the national minimum wage (SMI) for 2026 is EUR 1,221 per month in 14 payments (RD 126/2026, per secondary sources).

Why it matters

Gives salary expectations.

When

Evaluating job offers.

Official page

Encuesta Anual de Estructura Salarial 2023

Last checked

7 Oct 2026