Updated 25 October 2026

Spain in Numbers 2026: Minimum Wage, Tax, Mortgage Rates, Pension Age and Energy Prices Compared

Quick answer: In Spain in 2026, the minimum wage is €1,425/month (about $1,595 a month full time); an average earner keeps 76% of their pay after income tax and social security; mortgage rates are about 3.04%; household electricity costs €0.251 per kWh; petrol is €1.78/L, up 21% since February. The table below puts 11 everyday money measures for Spain side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.

Most comparisons of Spain look at one number at a time. This page gathers the figures that matter for working, buying a home, paying bills and retiring in Spain, so you can see them together and see how Spain compares. Each section links to our full guide for that topic, which covers every country and lists the original sources, and each dataset can be downloaded free.

Spain at a Glance

MeasureSpainRank
Minimum wage€1,425/month (≈ $1,595/month)12th highest of 38
Tax on an average wage23.5% (keeps 76%)14th lowest of 38
Pay rise forecast 20273.2% (inflation 5.0%)7th lowest of 29
Mortgage rate3.04% (new home loans, August 2026)7th lowest of 31
Electricity (household)€0.251/kWh (≈ $0.28)13th highest of 33
Petrol price€1.78/L (+21% since Feb)9th lowest of 29
State pension age66 y 10 m9th highest of 39
Pension (share of pay)86.3% of net pay10th highest of 50
Bank deposit protection€100,000 per person, per bank—
Inheritance tax (children)top rate 34%—
Retirement visa income€2,400 a month (+€600 per dependant)—

Rank compares Spain with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.

Minimum Wage in Spain (2026)

The legal minimum wage in Spain is €1,425/month. For a month of full-time work that is about $1,595 at current exchange rates, 12th highest of 38 countries in our comparison.

Full table for every country, with sources: Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars. Download the data (CSV).

Income Tax and Take-Home Pay in Spain

A single worker on the average wage in Spain (about $58,000 at purchasing-power parity) pays 23.5% of gross pay in income tax and employee social security, so they keep 76%. That is 14th lowest of 38 countries, against an OECD average of 25.1%.

Income tax and employee social security take 23.5% of pay at the average wage, 18.9% at two-thirds of it and 29.7% at 1.67 times it. Including employer contributions, the total tax wedge is 41.4% of labour costs.

Full table for every country, with sources: Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries. Download the data (CSV).

Pay Rises in Spain: 2027 Forecast

Employers in Spain expect to raise salaries by 3.2% in 2027 (median of the major pay surveys), after 3.2% in 2026. With inflation at 5.0% (Sep), that is a real cut of about 1.7 points unless inflation falls.

Full table for every country, with sources: Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table. Download the data (CSV).

Mortgage Rates in Spain (2026)

The typical mortgage rate in Spain is 3.04% (new home loans, August 2026), 7th lowest of 31 countries; the euro area average is 3.6%.

Up 0.29 points since February 2026 (2.75%). Monthly payment per €100,000 over 25 years: €476.

Full table for every country, with sources: Mortgage Rates by Country 2026: Where Buying a Home Costs the Most. Download the data (CSV).

Electricity Prices in Spain

Households in Spain pay about €0.251 per kWh of electricity (about $0.28), 13th most expensive of 33 countries; the EU average is €0.283. Change: −6.0% vs late 2025.

Household gas: €0.079 per kWh. Typical household using 2,500–5,000 kWh a year, all taxes included, January–June 2026.

Full table for every country, with sources: Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills. Download the data (CSV).

Petrol Prices in Spain Since the Iran War

Petrol in Spain costs €1.78/L (week of 19 October 2026), up 21% from €1.47/L in the week before the Iran war began. It peaked at €1.94/L (28 Sep). At about $1.99 a litre it is 9th cheapest of 29 countries, and the rise is 8th smallest of 29 countries.

Full table for every country, with sources: Petrol Prices Since the Iran War: How Much They Have Risen in 35 Countries. Download the data (CSV).

Retirement Age in Spain

The state pension age in Spain is 66 y 10 m for people reaching it in 2026; the earliest you can claim is 65 with 38 y 3 m of contributions. Future change: 67 in 2027. Workers with long contribution records can retire at 65 on a full pension.

Full table for every country, with sources: Retirement Age by Country 2026: State Pension Ages in 39 Countries. Download the data (CSV).

How Much the State Pension Pays in Spain

A full-career average earner in Spain can expect a mandatory pension worth about 86.3% of their previous net pay, 10th most generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 79%. High earner (twice the average): 58%.

Full table for every country, with sources: State Pension Amounts by Country 2026: How Much Retirees Actually Get. Download the data (CSV).

How Much of Your Money Is Protected in Spain

Bank deposits in Spain are protected up to €100,000 per depositor, per bank (about $111,900), the limit set by EU law for every member state. Harmonised by EU law; local-currency equivalent outside the euro. Money in payment apps and e-money wallets is usually not covered.

Full table for every country, with sources: Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected. Download the data (CSV).

Inheritance Tax in Spain

Spain has inheritance tax (regional). Children can receive From about €16,000; most regions much higher tax-free, and the top rate for children is 34%, 6th highest of 28 countries. State scale 7.65% to 34%, but regions such as Madrid and Andalusia give 99% relief to children and spouses.

Full table for every country, with sources: Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays. Download the data (CSV).

Retiring to Spain From Abroad

Foreign retirees usually move to Spain on the Non-lucrative visa, which requires €2,400 a month (+€600 per dependant) (about $2,690 a month). Prices are about 64% of US levels, so $2,000 buys roughly what $3,140 would in the US. Residents taxed on worldwide income, including pensions; wealth taxes in some regions.

Full table for every country, with sources: Best Countries to Retire Abroad on $2,000 a Month: Costs, Visas and Taxes Compared. Download the data (CSV).

Frequently Asked Questions

What is the minimum wage in Spain in 2026?

The minimum wage in Spain is €1,425/month, about $1,595 a month for full-time work. That is 12th highest of 38 countries.

How much tax do you pay in Spain?

On the average wage, income tax plus employee social security in Spain take 23.5% of gross pay, so a single worker keeps 76% (OECD average: 25.1%).

What is the average pay rise in Spain for 2027?

Pay surveys forecast an average salary increase of 3.2% in Spain for 2027, against inflation of 5.0%.

What are mortgage rates in Spain right now?

Mortgage rates in Spain are about 3.04% (new home loans, August 2026). Up 0.29 points since February 2026 (2.75%). Monthly payment per €100,000 over 25 years: €476.

How much does electricity cost in Spain?

Household electricity in Spain costs about €0.251 per kWh (about $0.28), 13th most expensive of 33 countries.

How much has petrol gone up in Spain?

Petrol in Spain has risen 21% since February 2026, from €1.47/L to €1.78/L.

What is the retirement age in Spain?

The state pension age in Spain is 66 y 10 m in 2026, with the earliest claim at 65 with 38 y 3 m of contributions. Legislated change: 67 in 2027.

How much is the state pension in Spain?

In Spain, mandatory pensions replace about 86.3% of an average earner's net pay after a full career, against an OECD average of 63.2%.

How much money is insured in a bank in Spain?

Deposits in Spain are insured up to €100,000 per person, per bank.

Is there inheritance tax in Spain?

Yes. Children can inherit From about €16,000; most regions much higher tax-free in Spain; above that the top rate for children is 34%.

How much income do you need to retire in Spain?

The Non-lucrative visa asks for €2,400 a month (+€600 per dependant).

Compare Spain With Other Countries

See every country side by side in Compare Countries 2026: Minimum Wage, Tax, Mortgage Rates, Energy and Pension Age in 35 Countries, or open a country page: Australia, Austria, Belgium, Brazil, Canada, China, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Sweden, Switzerland, the United Kingdom, the United States.

Cite this page: Blog Digest, “Spain in Numbers 2026: Minimum Wage, Tax, Mortgage Rates, Pension Age and Energy Prices Compared”, updated 25 October 2026, https://randomthoughtsever.blogspot.com/2026/10/spain-in-numbers-2026-minimum-wage-tax.html

Related Guides

Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.