The official government figures for 2018 are £7.83 p.h. x 40 = £313.20 pw x52 = £16286.40 per year.before tax and insurance
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obviously a skilled person such as a plumber would earn more.
However
as Sharon said they require a typical monthly expenditure for living
hear, and I consider a statement that they would need 1500 Euro a month a little extreme and could be off putting for a prospective buyer.
Example of 2 bed apartment in La Ribera.
Electricity 25 per month
Water 22 per month
Internet and telephone 34 per month
Butano (bottle gas) for hot water and cooking full size cooker oven hob and grill 8.50 per month.
Community fee 30 per month
If you were renting there are apartments for about 300 per month plus bills.
Obviously food and household items would vary to taste also things like internet this is free in the local library (not one on Camposol)
All I can say is I have lived here for many years and have no regrets about leaving the UK in fact I went back to stay with a friend for a few months and found things very expensive.
I also had to visit my doctor (not private) and had an appointment the next day which I understand is hardly possible in the UK.
Sharon I suggest you go for it if only to try renting for 6 months
Kind regards
Ed