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A couple of pensioners walking in a park. Óscar Chamorro
Pensioners in Alicante Among the Lowest Paid in Spain

Pensioners in Alicante Among the Lowest Paid in Spain

Retirees in the province have been losing purchasing power continuously for twenty years

José Vicente Pérez Pardo

Alicante

Martes, 7 de enero 2025, 12:31

The pensioners in the province of Alicante are among the lowest paid in the country, according to data provided by the Institute of Economic Studies (Ineca) of the Social Security. The average retirement pension in Alicante was 1,236.6 euros in December 2024, ranking 43rd out of 52 provinces in Spain.

The loss of purchasing power for retirees in Alicante has been constant for 20 years, according to Ineca. The province has dropped seven places since 2005 in average retirement pension. This decline is evident when compared to the other two provinces in the Valencian Community: in Castellón, pensioners surpass Alicante, moving from 47th to 40th place. Meanwhile, pensions in Valencia also increase, moving from the twenty-third to the 19th position nationally.

The province of Alicante is the fifth province that has dropped the most places along with Seville in terms of average retirement pension.

Data from the Ministry of Inclusion shows that the average pension is increasing, reaching 1,261.9 euros in December 2024. In the case of retirement pensions, the average is 1,449.86 euros. As always, there are many differences between regions. The Basque Country has the highest pensions, especially Vizcaya, which with an average of 1,803.96 euros, is the highest in Spain.

On the opposite side, pensioners in the Galician province of Ourense barely exceed the minimum wage, with 1,035.51 euros. This is below the Minimum Interprofessional Salary (SMI), which in 2024 was 1,134 euros.

The variation in the average pension in December 2024 compared to the previous month was 0.08%. Compared to the same month in 2017, the variation was 5.28%. In contrast, the SMI has accumulated an increase of 54% since 2018.

The average #pension for #retirement in the province of #Alicante in December 2024 was 1,236.6€, ranking 43rd nationally.

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