How much money one retired person needs to live in Spain?

Retiring in Spain To live a comfortable life, $2,000-$2,200 per month should suffice ($24,000-26,400 a year). However, where you lay down roots has an impact. Away from the bustle of big cities like Barcelona, Madrid, and Valencia you can retire on less: $1,700-$1,900 a month ($20,400-$22,800 annually).



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You do not need to invest in the Spanish economy, but you must be able to show evidence of self-sufficiency to be eligible for the visa. The minimum amount is 400% of Spain's Public Multiple Effects Income Indicator (IPREM). This is about 27,792.96 euros.

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In calculating the proof of income for non-lucrative residency, you must have an annual income of 400% of IPREM in your bank account. The IPREM for 2023 is €600 per month. Therefore, as an individual, you will need to have €2,400 as a regular guaranteed monthly income or a yearly income of €28,800.

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We recommend budgeting between 800€-1500€ per month to live comfortably in Spain.

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Retiring in Spain To live a comfortable life, $2,000-$2,200 per month should suffice ($24,000-26,400 a year). However, where you lay down roots has an impact. Away from the bustle of big cities like Barcelona, Madrid, and Valencia you can retire on less: $1,700-$1,900 a month ($20,400-$22,800 annually).

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Spaniards earn USD 37 922 per year on average, less than the OECD average of USD 49 165. Another essential factor of employment quality is job security, in terms of expected loss of earnings when someone becomes unemployed.

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