Moving to Spain, from the US.

In short, current to September 2026

• For a US citizen leaving New York on $1M a year, the Patrician.ch engine ranks Palma first in Spain, number 35 of the 84 places outside the 50 states. It weighs tax with the US floor applied, the route in, safety, schools, sun, cost and the flight home.
• In Palma, income tax on $1M for a US citizen comes to 44% with the federal floor applied, against 43% in New York, $11K a year more than New York.
• The local rate in Palma on $1M, 44%, is above the US federal 33%, so the local tax is the figure that applies and the US credit covers the federal share.
• For a US passport, the route into Palma is an application with conditions. The flight from New York is 8h to 9h.
• Spain has a regime for new arrivals: Beckham law: 24% flat on Spanish employment income up to €600K for 6 years, but the Balearics keep a regional wealth tax and a tourist rental clampdown, so model both before the finca. Whether it applies depends on the income and the person, and the US federal floor applies to a US citizen either way.

Source: the Patrician.ch board, an original ranking of 100 residence addresses across 48 countries and territories. Tax rates, thresholds and routes are sourced. Cost, safety, schools, sun and beauty are Patrician.ch editorial indices. Figures current to September 2026. Updated 23 September 2026. Cite as: Patrician.ch, Moving to Spain from the US 2026: tax and the 5 addresses, patrician.ch/answers/moving-to-spain-from-the-us/, September 2026.