If you've joined the remote-work revolution, you might have the opportunity to move wherever you want for the first time in your career. A certificate of deposit, more commonly known as a CD, is an investment that earns interest over a set period of time at a locked-in rate. So once expats get a well-paying job in Spain, the benefits of life in Spain outweigh the time it takes to find a relevant job for English speakers. It is generally not possible to hire skilled employees near the minimum wage in Spain, nor is it advised. Help us keep Minimum-Wage.org up-to-date! For your reference, this is how much you can expect to spend on rent, groceries, health insurance, public transport, and leisure costs per month in Spain: Dont forget that in Barcelona is expensive and you need to earn more than than in cities such as Mlaga or any suburb. The national minimum wage has increased from 825.70 in 2017 to 1,166.70 in 2022. Unemployment Rate. Get advice on achieving your financial goals and stay up to date on the day's top financial stories. Minimum wages were first utilized to address the exploitation of workers in sweatshops and then came to be seen as a way to prevent exploitation and help lower-income families everywhere. States and subnational jurisdictions less than 20,000 km 2 in area and with data available are shown as colored circles. In 2022, the minimum wage in Spain is 7.82 per hour. In 2021, 60,324 people migrated from the North African country to Spain. The biggest and the best cities in Spain are great places to work as they have a big expat network and much more job opportunities__ for English speakers. Students in Spain who have a contract as a trainee or apprentice are generally paid at least the national minimum wage. Japan has also put forward plans to raise its national minimum wage, by a record 3.3%. Spains minimum wage of 14,000/year sits in the middle of the three. Get a free consultation and live platform demo with our local HR expert. . In Ireland, experienced adult workers receive $10.57 per hour. The countrys real minimum wage, however, is nearly double that amount. The statutory minimum wage in Lithuania is about $433 per month, or $2.70 per hour based on a 40-hour workweek. Data published Yearly by Wageindicator Foundation. Next Up: State Minimum Wage Increases Across America for 2017. Advertiser Disclosure: Many of the offers appearing on this site are from advertisers from which this website receives compensation for being listed here. Both our local employee as well as our HQ in Germany are more than pleased with the support provided and the simplicity of the service. The country suffers from massive social inequality, with the richest 10 percent of the population earning 20 times more than the poorest 10 percent, according to the OECD. That rate is currently the equivalent of $9.73 per hour. The daily minimum wage increased to 36 euros, from 33.33 euros. Currently, Lithuanias real hourly minimum wage is $3.90, but a new labor code aims to create more jobs and cut the 9.5 percent unemployment rate. Find accommodation in cities across Spain. GBP/USD. If youre unsure how much your salary should be in Spain, read on to learn about the following topics: The minimum wage (SMI, or Salario Mnimo Interprofesional) applies to all workers regardless of their age, gender, or employment contract in Spain. Apparently Bulgaria and the United Kingdom have similar percentages of their populations living in poverty, even though their country's stated minimum wages are quite different. If you are an admin, please authenticate by logging in again. This article will help you negotiate for a better offer or a raise by understanding: Although Spain has the highest youth unemployment rate and a comparatively low average salary within the EU, it continues to be an attractive place for expats. Thats a higher percentage than in Greece (67.7%) and France (68%), but lower than in the Netherlands (73.7%) and Germany (78.4%). The minimum wage for expats in Spain is the same as for locals in Spain. With 160 working hours in a month, that equals about $2.83 per hour. statistic alerts) please log in with your personal account. XAUUSD: Elliott wave analysis and forecast for 26.08.2022 02.09.2022, WTI Crude Oil: Elliott wave analysis and forecast for 26.08.2022 02.09.2022, USDJPY: Elliott wave analysis and forecast for 26.08.2022 02.09.2022, GBPUSD: Elliott wave analysis and forecast for 26.08.2022 02.09.2022, Gold wants a drama. Workers in Madrid earn the highest monthly salaries (2,077 on average per month). Let's take a look at Swiss average salaries and find out. Currently, thats the equivalent of about $7.26 an hour. Although Russians work significantly more hours per year than the average OECD country citizen, the Federation has one of the lowest real minimum wages. In 2012, twelve in every 100 workers in Spain scraped by every month on 641 euros or less; a percentage which had doubled since 2004, INE figures show. Although the average salary in Spain is in the middle when compared to the average salary across the 27 European countries, youve to remember that Spains cost of living is also considerably lower. Expatica helps make your expat journey the experience you've always wanted. Workers and unions in Greece recently rallied to protest against looming austerity measures, which represent yet another attack on the working class. Casual, seasonal, and domestic workers have separate minimum wages. The changes are already gaining traction and expected to come to fruition by 2030. . For an employee on a 40-hour workweek, that's about $5.04 per hour. Minimum wages Spain vs United States comparison, Country comparison Spain vs United States, Subscribe to our free email alert service, COVID-19 - Deaths per million population [+], Compare Democratic Republic of the Congo Spain, Compare Federated States of Micronesia Spain, Compare Saint Vincent and the Grenadines Spain, Guatemala: S&P:Long Term Foreign currency Sovereign rating, Venezuela has increased its interest rates, Industrial Production increases up to 1% in February of 2023 in Uruguay, Producer price goes down in March of 2023 in El Salvador, CPI falls in March of 2023 in El Salvador, Dominican Republic's unemployment rate goes up, North Macedonia unemployment ratefell to 14.1%. According to Glassdoor,you can expect to earn around 15 per hour for this work. (January 1, 2023). Related: 20 Hot Jobs That Pay More Than $150K. The most typical earning is 38,789 EUR. Less than 20 years later, it would become the place where Skype was invented. All you need to do is focus on your business. The Spanish authorities can fine employers who fail to adhere to Spains minimum wage regulations. Project manager engineer: 59,900 euros yearly, Account manager (with multilingual capabilities). The latest increase in the yardstick will move Mexico's minimum wage to 260.34 pesos ($12.15) a day in the northern border zone, home to scores of foreign-owned factories, and 172.87 pesos ($8.07 . Millions of Americans in nearly half the states in the country received rebates, tax refunds, one-time payments or other forms of stimulus cash last year. Export Explore More . A country's minimum wage is the lowest amount of money that employers in that country are legally allowed to pay their workers for a given unit of work. But how do you know if the offer is good? A minimum wage is the lowest rate an employer can legally . . Read about our commitment to our clients here. Compare? The minimum wage will progressively increase each successive year starting in 2021 in proportion to the increase in the Consumer Price Index. Spain was among the countries that were hardest hit by Europes recent economic crisis, and the nation has yet to recover. Average wages for low skilled employees in Spain increased to 932 EUR/Month (1051.254 USD/Month). We recommend Horizons as an EOR provider., "The collaboration with the Horizons team is excellent. Portugal, with 565.83, is the only country . The maximum rate of minimum wage for employees was 1108 EUR/Month and minimum was 486 EUR/Month. The decree (Spanish) sets the 2023 monthly minimum wage at 1,080 euros (US$1,154.44), up from 1,000 euros. Average wages are obtained by dividing the national-accounts-based total wage bill by the average number of employees in the total economy, which is then multiplied by the ratio of the average usual weekly hours per full-time employee to the average usually weekly hours for all employees. 1,750 per month for a single person with a moderate budget. Spain's Labour Minister Yolanda Daz on Wednesday announced that the Spanish Cabinet will approve an increase of the country's minimum wage up to 1,000 at their next meeting on February 22nd. Available: https://www.statista.com/statistics/456403/spain-national-minimum-wage-monthly/, National minimum wage per month in Spain from 2008 to 2023, Immediate access to statistics, forecasts & reports, Average wealth held in Spain 2021, by percentile, Households with all active members unemployed in Spain 2019-2022, Population at risk of poverty or exclusion in Spain 2021, based on age and gender, Population at risk of poverty or exclusion Spain 2021, by educational attainment, Population at risk of poverty or exclusion in Spain 2021, by employment status, Population at risk of poverty or social exclusion in Spain 2021, by nationality, Population at risk of poverty or social exclusion in Spain 2021, by region, Share of population with severe material deprivation in Spain 2007-2020, Number of reported evictions in Spain 2013-2021, by motive, Average number of homeless being sheltered in centers in Spain 2006-2020, Food insecurity prevalence by severity in Spain 2014-2021, Households suffering from poor protein intake by type of household in Spain 2021, Number of people receiving food from food banks in Spain 2007-2021, Share of households with hidden energy poverty in Spain 2014-2020, Population that cannot afford keeping an adequate temperature at home Spain 2005-2021, Pre-tax and post-tax income from bottom fifty percent earners in Spain 1990-2021, Beneficiaries of the Minimum Vital Income in Spain 2022, by region, Monthly national minimum wage in Spain 2008-2023, Spain: daily national minimum wage 2008 to 2023, Growth rate of the gross minimum wage in Romania 2016-2021, Central America: minimum agricultural monthly wages 2017, Hungarians' opinion on setting a uniform European minimum wage 2020, France: monthly gross minimum wage 2013-2022, Perception of a fair minimum wage by employers in the United States, in June 2015, Minimum monthly wages APAC 2022, by country, Latin America: minimum monthly wages in 2022, by country, Education requirement for minimum wage job titles in the U.S. hotel industry in 2014, American small-business owners' opinion on effects of a higher minimum wage 2013, Job titles in the U.S. hotel industry with minimum wage starting rates in 2014, Support for raising the U.S. minimum wage, by political party ID 2013, Benefits offered to hourly employees in the U.S. hotel industry in 2014, Salary increase in companies in China 2011, Mean monthly salary in the agricultural sector of Russia 2012-2018, Quarterly growth of wages in Germany in manufacturing sector 2010-2018, Minimum wage as percentage of median wage of full-time workers in the CEE region 2021, Number of employment contracts paid with the minimum wage in Romania 2021, by county, Annual change of the wage levels in the Netherlands 2019-2024, Consumption habits and purchasing behavior in Spain, Online shopping behavior in the United States, National minimum wage per month in Spain from 2008 to 2023 (in euros), Find your information in our database containing over 20,000 reports, European country that featured the highest salaries. More than 5.5 million people in Spain earn the minimum wage, and the country's unions want a raise. Map of global minimum wages per hour in USD.svg. Clothing and shoe prices > Shoes > Pair of Nikes: 1 Pair of Nike Shoes. Profit from the additional features of your individual account. Spain's minimum wage was just three cents higher than the American minimum in 2020. According to this site (in Spanish), The minimum salary in Colombia is 1.000.000 COP per month as of January 1, 2022; which roughly equals to USD 248. In 2022, a restaurant server in Spain typically earns from 510 per month (minimum salary) to 1,610 per month (maximum salary). Learn more about how Statista can support your business. Spain has the eighth-highest minimum wage in Europe in 2022, at 7.82 per hour. Average wages for high skilled employees in Spain remained unchanged at 1990 EUR/Month (2244.631 USD/Month). CD Rates Today: April 17 Rates Remain Above 5.0% For $500 Minimum Deposits, 15 Cities Where Houses Are Best Bargains Right Now, Jobs Youre Most (And Least) Likely to Live Paycheck to Paycheck, 15 High-Paying Careers That Wont Kill You, What America Can Learn From These Countries Retirement Programs, How Your Employee Benefits Can Help You Save Over $750 Every Month, employers who dont abide by the minimum pay rules, State Minimum Wage Increases Across America for 2017, 22 Industries That Pay Less (and More) Than They Did 10 Years Ago, Mexicos real hourly minimum wage: 90 cents USD, Russian Federations real hourly minimum wage: $1.30 USD, Brazils real hourly minimum wage: $2 USD, Colombias real hourly minimum wage: $2.40 USD, Slovak Republics real hourly minimum wage: $3.50 USD, Costa Ricas real hourly minimum wage: $3.70 USD, Latvias real hourly minimum wage: $3.80 USD, Lithuanias real hourly minimum wage: $3.90 USD, Estonias real hourly minimum wage: $4.10 USD, Czech Republics real hourly minimum wage: $4.20 USD, Hungarys real hourly minimum wage: $4.40 USD, Portugals real hourly minimum wage: $4.50 USD, Greeces real hourly minimum wage: $4.70 USD, Spains real hourly minimum wage: $5.10 USD, Polands real hourly minimum wage: $5.70 USD, Koreas real hourly minimum wage: $5.80 USD, Turkeys real hourly minimum wage: $5.80 USD, Israels real hourly minimum wage: $5.90 USD, Slovenias real hourly minimum wage: $7 USD, United States real hourly minimum wage: $7.20 USD, Japans real hourly minimum wage: $7.40 USD, Canadas real hourly minimum wage: $8.10 USD, United Kingdoms real hourly minimum wage: $8.40 USD, Irelands real hourly minimum wage: $9.10 USD, New Zealands real hourly minimum wage: $9.30 USD, Netherlands real hourly minimum wage: $9.90 USD, Belgiums real hourly minimum wage: $10.20 USD, Germanys real hourly minimum wage: $10.30 USD, Luxembourgs real hourly minimum wage: $11.00 USD, Australias real hourly minimum wage: $11.10 USD, Frances real hourly minimum wage: $11.20 USD. Salaries are different between men and women. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Show sources information statistic alerts) please log in with your personal account. The increase will eventually result in a minimum wage of about $409 per month. All rights reserved. State Minimum Wages | Please create an employee account to be able to mark statistics as favorites. Close to 70.5% of Spains foreign workforce population was employed in 2019. The minimum salary in Barcelona is currently of 1000 (salario minimo interprofessional) as of January 2022. This equates to 1,166.70 monthly, but in practice the payments would be divided into 14 payments of 1,000 each year. Jamie Rathjen. Definitions Turkey has a government-mandated minimum wage. Overview and forecasts on trending topics, Industry and market insights and forecasts, Key figures and rankings about companies and products, Consumer and brand insights and preferences in various industries, Detailed information about political and social topics, All key figures about countries and regions, Market forecast and expert KPIs for 600+ segments in 150+ countries, Insights on consumer attitudes and behavior worldwide, Business information on 70m+ public and private companies, Detailed information for 35,000+ online stores and marketplaces. Horizons is where real, local hiring expertise meets world-class customer service. There are also different minimum wages for hunting and fishing guides and wilderness guides. Your pay rate will increase as you gain work experience. Luxembourg, Australia, New Zealand, the UK and Germany pay some of the highest national hourly minimum wage rates. Representing a group of countries, the Organization for Economic Co-operation and Development (OECD) compiles a list revealing real minimum wage numbers in nations that make this information available in an effort to support global economic progress. Germany is home to the biggest economy in Europe, and the current wage represents an increase that came from the last reassessment. Average Salary in Bogota, Colombia In fact, it has risen from 600 per month in 2000 up to around 1,166.67 gross per month in 2022 (1,000 monthly payable in 14 installments to allow for the double salary in July and December). The increase, effective from 1 January, means that the minimum wage for any activity is set at 33.33 euros per day across the board; domestic workers must receive a minimum of 7.82 euros gross for each hour worked and 47.36 euros gross for the legal working day. Chart. New Zealands lowest-paid workers earn a statutory minimum wage equal to about $11.45 per hour. The current minimum salary in Madrid is on pair with the local cost of living. The MIR and the 9% increasecombinedrepresent a true 22% increase in the daily minimum wage rate which translates in more than $30.00 MXP per day. When it comes to salaries, many see Switzerland as a financial haven. This equates to 1,166.70 monthly, but in practice the payments would be divided into 14 payments of 1,000 each year. Heres all you need to know about salaries and the minimum wage in Spain. The jobs with the highest annual salaries in Spain are: Here is a quick summary of average salaries for different job levels, according to Paylab: If youre moving to Spain for work, you can secure a higher salary by making sure your academic qualifications are recognized. The country maintains a three-tiered system that guarantees minimum wages for employees who are starting out and training. Both of those classes currently earn a minimum of $9.17 an hour. The average hourly worker earns $18.78 per hour, and the federal minimum wage is $7.25 per hour, unchanged since 2009. However, some argue that a minimum wage doesn't always reflect a 'living wage'. Horizons has been very effective in providing our company support in all the administrative procedures, sometimes complex, required by the Singaporean administration. But remember, this is just the average salary and that the actual salary you might get or deserve, depends on a variety of factors. Currently, according to statistics, 1.4 million Romanians earn the minimum salary, out of around 7 million employees. June 8, 2022. Furthermore, Spain has ten national public holidays in 2022 and two to three times as many at the local and regional levels. What is the difference between the average salary and the minimum wage in Spain? According to the New York Times, the country is still dealing with numerous economic problems, with workers facing stagnant wages and massive household debt. On this, the district that gives the highest wage to its worker in Shanghai. With more than 5 years of experience, you can expect a raise of 36% and with 10+ years of experience, a 21% raise. Presuming the median 38-hour workweek, thats about $10.76 per hour. Unlike the average annual wage, it has been constantly increasing on a nearly continuous basis since 2008, when the minimum wage. Here are a couple of online platforms to help you: Spain ranks in the top 20 on the World Economic Forums global gender gap index. Take-profit.org, 2023 | All rights reserved. Spain - $7.30 United States $7.25 Andorra - $6.72 Slovenia - $5.84 Taiwan - $5.26 It is worth noting that minimum wage is adjusted annually in many countries outside of the U.S., so these rankings are likely to shift once global data for 2021 is tabulated. Prices in current USD. But to get a work visa, you need to have an offer from a company in Spain. Country comparison, you can compare any two countries and see the data side by side. Alternatively, highly skilled or educated expats can also apply for the highly skilled worker visa which has a minimum salary requirement of 55,142 a year for managers or directors and 40,077 a year for scientists. The lowest monthly salary belongs to the Canary Islands, where workers earn an average of 1,416 per month. Your payslip in Spain should clearly state the name of the company and worker, salary, and deductions (including the workers social security contributions and IRPF (Impuesto sobre la renta de las personas fsicas) or personal income tax deductions. Instead, the country operates on a complex system that assigns four different minimum wages based on the workers skill level. Spain Netherlands Philippines Finland France Italy Denmark The decree is retroactively effective to Jan. 1. The country has been suffering from high unemployment and inflation. They were able to provide services within the short timeline we required.".