International cost of living and hardship / quality of living data for 780 global locations.
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Madrid is the capital and largest city of Spain. Madrid is a major centre for international business and commerce. It is one of Europe's largest financial centres and the largest in Spain.Spain is in South Western Europe, bordering the Bay of Biscay, Mediterranean Sea, North Atlantic Ocean, and Pyrenees Mountains, southwest of France. The climate is temperate with clear, hot summers in the interior but more moderate and cloudy along the coast.The official languages are Spanish, Catalan, Euskera (Basque language), Galician and Valencian. Regional differences are strong, English is the most commonly spoken foreign language; French can also be useful, especially in Catalonia. More people speak foreign languages in the capital Madrid and in Barcelona. The main religion is Christianity.The economy of Spain has been regarded as one of the most dynamic within the EU, attracting significant amounts of foreign investment.In Spain the workday can vary widely. Many people start late compared to other countries (09h00 or later). Lunch (around 2pm) and dinner (after 8pm) also tend to be late. Many employees work into the evening hours. Expatriate business dress is generally conservative, comprising a dark suit for men, and a formal dress or suit for women.The security risk for expatriates in Spain is low. Risks include petty crime, and the underlying threat of terrorism.The currency of Spain is the Euro (EUR). Banking is on a par with the rest of Western Europe and North America.Medical facilities are good, however the cost of treatment for expatriates from outside the EU can be high.The population of Madrid is 6.5 Million (2019 est.), while the inflation rate (CPI) is 0.4% for Spain as at November 2019.Xpatulator Hypothetical Tax for Spain is based on the current personal income tax rates which are progressive up to 45%.
