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Madrid
#99 of 124
Europe

Madrid

Spain

Salary & Cost of Living

View purchasing power ranking
Median Salary
$59,524
Based on 618 data points from levels.fyi
Net Salary
$38,691
Tax Rate: 35%
Cost of Living
Same as Madrid
View detailed cost breakdown on Numbeo

Top Paying Companies in Madrid

Datadog logo
Datadog
Amazon logo
Amazon
Santander Bank logo
Santander Bank

Community Insights

New
7.4/10

Madrid offers a polarized experience for software engineers: it is either a paradise or a financial struggle, depending entirely on your employment contract. For those earning local market rates, the city's low purchasing power (ranked #98 globally) is a significant pain point, as rising rents consume a disproportionate amount of income. However, for those working remotely for foreign companies or securing top-tier roles eligible for the Beckham Law, Madrid provides an unbeatable lifestyle.

The city is overwhelmingly praised for its vibrant social energy, safety, and sun. Unlike the reserved tech cultures of Northern Europe, Madrid is open, loud, and lived outdoors. However, prospective movers should be prepared for intense bureaucracy; simple administrative tasks can take months to resolve. Ultimately, you move here for the life outside of work, not to maximize your savings rate.

The Good

Living Environment

Weather•Safety•Pollution•Events

Rankings

Safety Index

Top 19%

#24

of 124 cities

71/100

Current value

Comfortable Weather

Top 21%

#26

of 124 cities

72/100 weather score

Current value

Pollution Score

Middle of the pack

#42

of 124 cities

38.4/100

Current value (lower is better)

Housing Affordability

View affordability ranking
Avg. Property Price
$6,892 / m²
View detailed property prices on Numbeo
Beckham Law tax regime: A massive draw for high-earning expats, allowing a flat 24% tax rate for the first six years if requirements are met, shielding you from Spain's high progressive tax rates.
  • World-class work-life balance: The culture prioritizes social life, with late dinners, vibrant nightlife, and a general refusal to let work dominate life.
  • High safety: consistently ranked as one of the safest capitals in Europe, making it comfortable to walk alone at night.
  • Exceptional public transport: The Metro de Madrid is clean, safe, and extensive, often negating the need for a car.
  • Weather: With over 2,700 hours of sunshine a year, it significantly outperforms northern tech hubs like London or Berlin in terms of climate.
  • Social culture: Extremely open and friendly; 'terrazas' (outdoor seating) are full year-round, making it easier to socialize than in many other European cities.
  • The Bad

    • Low local purchasing power: Local salaries for software engineers are often stagnant while costs rise, leading to a feeling that you are 'paying London rents on Spanish salaries'.
    • Bureaucratic nightmares: Obtaining essential documents like the NIE/TIE is notoriously difficult, with appointment systems that are often broken or booked out for months.
    • Rental market crisis: Competition for apartments is fierce, and prices in central areas have skyrocketed, eating up a large chunk of a typical local engineering salary.
    • Summer heat: July and August can be brutally hot (often exceeding 35-40°C), forcing many residents to flee the city or stay indoors with AC.
    • Noise pollution: It is a loud city; street noise, construction, and thin apartment walls are frequent complaints among expats used to quieter environments.

    Moving Here

    Moderate

    Relocation is bureaucratically heavy. While EU citizens have a right to work, the administrative process (getting a NIE, social security number) is slow and often requires Spanish skills or a lawyer. For non-EU citizens, the Digital Nomad Visa has opened a new pathway, but the paperwork remains complex. English is widely spoken in the tech sector, but Spanish is virtually mandatory for dealing with government offices, landlords, and daily services. The expat community is massive, making social integration relatively easy.

    Who Is This City For?

    Remote workers with foreign salaries and senior engineers eligible for the Beckham Law who value social life and sun over pure capital accumulation. It is less ideal for junior developers relying on local companies, as the rent-to-income ratio can be punishing.

    Updated 1/20/2026

    Weather7.2/10
    Safety71
    Pollution38
    Events13

    Weather snapshot

    Average High
    20°C
    Average Low
    8°C
    Sunshine Hours
    2,769h/yr
    Hottest Month High
    33°C
    Coldest Month Low
    1°C
    Rainy Days
    54/yr
    Muggy Days
    0/yr
    Cloud Cover
    38%

    Community & Quality

    Madrid community pulse

    Madrid has 13 Luma events listed.

    Community Events

    Middle of the pack

    #43

    of 124 cities

    13 events on luma

    Current value

    Cost of Living

    Middle of the pack

    #56

    of 124 cities

    48/100

    Current value (lower is better)

    Net Income

    Bottom 32%

    #85

    of 124 cities

    $38,691/yr

    Current value

    Tax Rate

    Bottom 30%

    #88

    of 124 cities

    35%

    Current value (lower is better)

    Home Affordability

    Bottom 21%

    #99

    of 124 cities

    ≈14.3 yrs to buy 80m²

    Current value

    Purchasing Power

    Bottom 21%

    #99

    of 124 cities

    SWE Affordability
    14.3 years