Salary vs rent · Madrid
€20,000 salary in Madrid: how much rent can you afford?
On €20,000/year your monthly take-home budget (gross) is €1,667/month. The median rent in Madrid is €1,450, which would take 87.0% of your income — Risky.
Your monthly rent budget
Comfortable (25%)up to €417/mo
Manageable (30%)up to €500/mo
Stretch (35%)up to €583/mo
Risky (45%)up to €750/mo
Rent landscape in Madrid
€950
57.0% of your salary
Budget rent
€1,450
87.0% of your salary
Typical rent
€2,200
132.0% of your salary
High-end rent
Renters in Madrid typically spend 24–44% of income on rent. At €20,000/year, you have limited room to cover the median rent comfortably.
Data confidence: high · INE Encuesta de Presupuestos Familiares + Banco de España housing report 2023, adjusted for new-let market · 2023–2024
Other salaries in Madrid