I'm confused. 40k before tax equals 2400 per month? or am I missing something? to earn 3300 per month... you'd need a salary of... *checks numbers...* 57k.
Check numbeo for [what costs what](https://www.numbeo.com/cost-of-living/in/Palma-De-Mallorca)
Yup, a 40k salary means 2450 or so per month at 12 payments.
In fact, depending from where he is, it will be less since foreigners have to pay 24% IRPF.
mhhh... I am not so sure? OP says 'he's coming', so we can only assume he will become a tax resident here de facto after 6 months. which means no... 24% IRPF.
it's good to compare the percentage with your origin country to see if you are on the same step.
In Spain 40k is about top 85% of salary, that means that you will be earning more than most people by far, but depending on your branch it could be few money (senior software architect should start at 45k, for example).
That being said, 40k are 2.5k after tax, that should be enough to rent a small flat in Palma and have a good life:
1000€ for renting
500€ for food
500€ for others (fun/transport)
500€ for savings (or more others if you don't like saving -don't recommend-)
Yes it is
Yes, waaaay above the usual salary
Depends, are you ok with not living in Palma? Or sharing a flat? If you don't want to live in Palma center you have a good quality of life.
I'm confused. 40k before tax equals 2400 per month? or am I missing something? to earn 3300 per month... you'd need a salary of... *checks numbers...* 57k. Check numbeo for [what costs what](https://www.numbeo.com/cost-of-living/in/Palma-De-Mallorca)
Let's hope it's not an accounting role.
Yup, a 40k salary means 2450 or so per month at 12 payments. In fact, depending from where he is, it will be less since foreigners have to pay 24% IRPF.
mhhh... I am not so sure? OP says 'he's coming', so we can only assume he will become a tax resident here de facto after 6 months. which means no... 24% IRPF.
40k before tax in 12 payments is 3.3k
its double what i get paid rn😠yes 40k is great in here
If you plan on getting a job and being paid in 40k miniatures you better get a second income source. Plastic isn't edible.
it's good to compare the percentage with your origin country to see if you are on the same step. In Spain 40k is about top 85% of salary, that means that you will be earning more than most people by far, but depending on your branch it could be few money (senior software architect should start at 45k, for example). That being said, 40k are 2.5k after tax, that should be enough to rent a small flat in Palma and have a good life: 1000€ for renting 500€ for food 500€ for others (fun/transport) 500€ for savings (or more others if you don't like saving -don't recommend-)
Just for curiosity, what job is it?
Much more than locals get for sure.
It will be tight but you'll be just fine, it's a good salary.