Spain has been grappling with a worsening housing crisis as prices soar, leaving residents forking out eye-watering costs just to keep a roof over their heads. Now, a recent study has revealed that tenants are spending nearly half of their income on rent. 

A recent study by InfoJobs and Fotocasa found that renters allocate on average a staggering 47% of their gross income towards housing costs – the highest level recorded in the past five years. The data highlights a worrying growing gap between rent prices and salaries, particularly in major cities across the country. While average wages have risen modestly, up 3.1% in 2024 to reach an annual gross salary of just over €27,000 (£23,000), rental prices have soared by almost five times that rate.