Savings rate in Madrid — are you on track?
Madrid is a high cost city. Madrid median rent reached €1,200/month in 2023, among Spain's highest but well below Western European peers. Madrid's mid-income earners face a moderate housing burden; savings benchmarks are achievable at typical professional salaries.
Median rent
€1,200/mo
Madrid 2022
Typical other costs
€1,100/mo
excl. housing
Savings benchmark
6–14%
mid-income EUR
Pre-set for Madrid — adjust to your situation
What a good savings rate looks like in Madrid
Using data from INE Encuesta de Presupuestos Familiares 2022, people at mid-range incomes in Spain typically save between 6–14% of gross income. In a high cost city like Madrid, housing costs can compress that meaningfully — especially for renters.
Source: INE Encuesta de Presupuestos Familiares 2022. Benchmarks shown for mid-income earners in Spain.
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