Madrid and Barcelona are the largest metropolitans, political and economic centers of Spain. As the hub of all the major economic activities in Spain, they are home to some of the world's top 500 companies, as well as some of the biggest names in the world. The cities of Madrid and Barcelona are where the Spanish and even European subsidiaries are established. Executives, entrepreneurs, hi-tech professionals, freelancers, and both gold- and white-collar workers who come to the big cities to pursue their dreams have set up offices in Madrid and Barcelona. The convergence of two metropolises makes this the most important city in Spain, a paradise for the rich.
How exactly do you choose to differentiate between investing and living in Madrid and Barcelona? In an article published on 1 March in the Spanish national media, El Confidencial, it was quoted that National Institute of Statistics Instituto Nacional de Estadística (INE), which gives us a rational glimpse into the distinction between the "gentry" and the "ghetto" in these two cities.
According to this data, the highest annual per capita income in Spain is achieved in El Viso and La Piovera in Madrid. The two above-mentioned divisions that have the highest recorded annual income per inhabitant in Spain - per inhabitant. The annual income is above 100,000 euros. Third on the list is the Pedralbes district of Barcelona, with an average annual income of 93,000 euros.
The " gentry " districts of Recoletos, Castellana, Mirasierra, Aravaca-Plantio, and Palomas in Madrid and Les Tres Torres and Sant Gervasi in Barcelona are close behind, with an average annual per capita income of more than 73,000 euros.
To a certain extent, Spain's "money" also equals "power". It is said that the ten districts of the Spanish capital, Madrid, occupy all ten places in the "Ten most influential neighbourhoods of Spain". Of the ten "least influential urban areas in Spain", five are in the more disadvantaged Spanish cities of Seville and Alicante.
Meanwhile, Spain's "ten poorest urban areas" were ranked by the Spanish cities of Seville, Alicante, Malaga, and Cordoba. The annual per capita income of the inhabitants of the "poor districts" is only about 15 percent of the annual per capita income of the top inhabitants of the "gentry division", which is only 14,150 euros per year.
The inhabitants of Seville, Pájaros y Amatee and Polígono Sur, two of the poorest cities in the south of Spain, which occupy two of the ten poorest urban areas in Spain, do not have an average annual income of more than 13,000 euros, and the inhabitants of Alcáceres, which ranks highest among the ten poorest cities in Spain, have an annual per capita income of only 18,465 euros.
This article is contributed by Juwai Columnist Lawyer Ji Yi-hong.