Spain’s Tax Agency (Agencia Tributaria) has released the 2023 statistical data on taxpayers who paid personal income tax (IRPF). This comprehensive dataset allows for an insightful analysis of income levels across municipalities in Spain, highlighting the richest and poorest towns nationwide.
The Richest Towns in Spain
On a national scale, the wealthiest municipalities are predominantly located in the Community of Madrid and the province of Barcelona. Leading the ranking is Pozuelo de Alarcón, a suburb of Madrid, boasting an average annual income of €88,011 per capita. It is followed by Boadilla del Monte, also in Madrid, with an average income of €70,869.
Aigües: The Wealthiest Municipality in the Valencian Community
Among the top ten richest towns in Spain, the small village of Aigües in Alicante province stands out, ranking eighth overall. With a population under 1,200, Aigües reported an impressive average income of €60,883 per person in 2023. This marks a significant increase from the previous year, when it ranked 877th with an average income of €27,247. Aigües now holds the distinction of being the richest town in the Valencian Community, followed by Rocafort (€55,901), Corbera (€52,160), Godella (€45,318), and Bétera (€43,485).
Top Wealthiest Towns in Alicante Province
Besides Aigües, the following municipalities in Alicante province rank among the wealthiest based on average annual income (in euros):
- San Juan de Alicante – €31,904
- El Campello – €31,700
- Mutxamel – €30,867
- Finestrat – €30,480
- Alicante – €30,218
- Jávea – €29,976
- Banyeres de Mariola – €29,429
- Dénia – €28,140
- Altea – €27,618
The Poorest Towns in Alicante Province
The municipalities with the lowest average incomes in Alicante province are as follows (average annual income in euros):
- Hondón de los Frailes – €18,806
- San Fulgencio – €20,120
- La Romana – €20,281
- Algorfa – €20,370
- Formentera del Segura – €20,377
- Rafal – €21,065
- Redován – €21,116
- Catral – €21,266
- Granja de Rocamora – €21,289
- Dolores – €21,527
The first major city in Alicante province appearing on the lower end of the income scale is Elda, with an average annual income of €21,832. Across the entire Valencian Community, Venta del Moro in Valencia province records the lowest average income at €17,861 per year.