Canary Islands and their wealthiest towns

In the most affluent municipality on the Canary Islands, the average annual gross income per resident is €37,735.

The municipality of Santa Brígida, situated on the island of Gran Canaria, has maintained its top position in the ranking of municipalities with the highest average gross income per inhabitant in the Canary Islands, as per data provided by the Tax Agency.

According to statistics on Personal Income Tax (IRPF) filers in municipalities with more than 1,000 inhabitants, the average gross income in Santa Brígida is 37,735 euros. Despite a slight decrease in cents compared to the previous year, the residents of this Gran Canarian municipality still have a considerably high average income in the region. A total of 8,428 people file their tax returns in this locality.

These figures contrast with income levels in other Spanish municipalities. For instance, in Pozuelo de Alarcón (Madrid), the average income is as high as 80,244 euros, and in Matadepera (Barcelona), it stands at 69,511 euros. These disparities underscore the economic inequality within Spain.

However, when compared to other municipalities in the Canary Islands, Santa Brígida’s income level remains high. Only one other municipality in the archipelago surpasses the 30,000 euros mark: El Rosario, in Tenerife, boasts an average income of 33,529 euros.

So, which is the capital of the Canary Islands with the highest income?

These are the wealthiest towns in the Canary Islands

According to the Tax Agency, Las Palmas de Gran Canaria ranks second in the regional ranking, with an average income declared by its 180,419 taxpayers of 29,269 euros.

On the other hand, Santa Cruz de Tenerife takes the third position, with an average income of 28,662 euros declared by 100,150 taxpayers.

Income levels in the rest of the Canary Islands’ capitals vary. Puerto del Rosario leads the list with an average income of 24,717 euros, closely followed by Arrecife with 21,677 euros.

In the western islands, Valverde secures the top spot with an average income of 25,645 euros, followed by Santa Cruz de La Palma with 25,480 euros and San Sebastián de La Gomera with 24,893 euros.

Looking at the provinces, in the province of Las Palmas de Gran Canaria, there is a population of 511,000 people who declare an average income of 25,534 euros, while in Santa Cruz de Tenerife, 462,982 people have a declared average income of 24,396 euros.

Over the past year, most of the municipalities in the Canary Islands have witnessed an increase in their income levels.

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