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Economy & jobs
Statistics · City
Madrid: net income per person
2015 – 2023 · 9 data points
5 of 11 · Towns of Madrid
Updated Oct 23, 2026
Source: INE — Instituto Nacional de Estadística, 2015 – 2023
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Overview
8 figures
People
16 figures
Economy
15 figures
Housing
1 figure
Education
5 figures
Tourism
4 figures
Climate
8 figures
Latest value · 2023
€19,632
+5.4%
since 2022
Towns of Madrid · 2023
5 of 11
Place 1 is the highest value.
Net income per person, 2015 – 2023 Euro
€14,000
€16,000
€18,000
€20,000
2015
2017
2018
2019
2020
2021
2023
Source: INE — Instituto Nacional de Estadística, 2015 – 2023
The series at a glance Madrid · 2015 – 2023
Latest value
€19,632 · 2023
First value
€15,257 · 2015
Highest
€19,632 · 2023
Lowest
€15,257 · 2015
Average change
+3.2% a year on average
Data points
9
By year
All years · 2015 – 2023
| Year | Madrid | Change |
|---|---|---|
| 2023 | €19,632 | +5.4% |
| 2022 | €18,632 | +5.9% |
| 2021 | €17,586 | +3.1% |
| 2020 | €17,059 | +0.2% |
| 2019 | €17,030 | +2.0% |
| 2018 | €16,700 | +4.8% |
| 2017 | €15,930 | +1.4% |
| 2016 | €15,717 | +3.0% |
| 2015 | €15,257 |
Source: INE — Instituto Nacional de Estadística, 2015 – 2023
Ranking · Towns of Madrid
2016 · Place 1 is the highest value.
| # | Territory | Net income per person | |
|---|---|---|---|
| 11 | Leganés | €11,211 | |
| 10 | Coslada | €11,255 | |
| 9 | Alcalá de Henares | €11,267 | |
| 8 | Bustarviejo | €11,404 | |
| 7 | Getafe | €11,811 | |
| 6 | Alcorcón | €11,941 | |
| 5 | Madrid | €15,717 | |
| 4 | Alcobendas | €18,118 | |
| 3 | Majadahonda | €18,624 | |
| 2 | Boadilla del Monte | €19,702 | |
| 1 | Pozuelo de Alarcón | €25,957 |
Source: INE — Instituto Nacional de Estadística, 2016
What it means
Average income per resident after income tax, from tax records.
How it is calculated
Net income of households — wages, pensions, benefits and other income minus income tax and social contributions — divided by the number of residents.
Economy & jobs
Madrid in numbers
GDP per person
€42,600
2023 · Madrid
GDP per person (PPP)
$59,868
2025 · Spain
GDP per person, EU = 100
125
2023 · Madrid
Gross domestic product
€296B
2023 · Madrid
Economic growth
2.8%
2025 · Spain
Inflation
2.7%
2025 · Spain
Unemployment rate
8.0%
2025 · Madrid
Youth unemployment
19.3%
2025 · Madrid
Employment rate
77.9%
2025 · Madrid
Labour force participation
57.4%
2025 · Spain
Household income per person
€22,600
2023 · Madrid
At risk of poverty
12.7%
2025 · Madrid