Salary difference to have an affordable mortgage among young Spaniards 2021

Published by Statista Research Department, Sep 10, 2024
As of the first quarter of 2021, young people in Spain needed a salary almost 71 percent higher than the average salary of that age group for an affordable mortgage. To be considered affordable, mortgage payments are supposed to not exceed 30 percent of the monthly income. In the case of young workers aged 16 to 24 years, the difference between the average salary and the minimum income needed for an affordable mortgage was of 129.1 percent.

Percentage difference between average salary of young people and minimum salary needed for an affordable mortgage in Spain in 2021, by age group

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Release date

December 2021

Region

Spain

Survey time period

Q1 2021

Supplementary notes

Difference between the average salary of young people and the minimum income needed to spend 30 percent of such income in payment of an average mortgage.

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