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Economic wellbeing eludes southern Spain

spanishflagOfficial figures have reconfirmed that that Extremadura is the poorest area of Spain, followed closely by Andalusia and the north-west tip of the country, Galicia.

The average income in Extremadura is €19,034.

The poorest town is Zafarraya, in Granada province. The figures from tax returns for 2015, released by the tax office, revealed the average income to be €10,293.

Madrid and Barcelona and their environs head the list for wealth, with averages of €32,000 and €27,500 respectively.

Spain’s best heeled town per square metre is Pozuelo de Alarcon, a wealthy Madrid suburb. Average income there stands just shy of €60,000.

The richest 25 towns in Spain are all within the reach of Madrid or Barcelona with but two exceptions: Rocafort in the province of Valencia and Simancas near Valladolid.

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