Enter your average income below to estimate applicable free-cash in all major European cities. By free-cash we mean your disposable income, left in your pocket after paying tax, rent, insurance, public transport, food expenses and basic entertainment. How does it work?

average income is
₽ 115500
per

Your estimated
City
free-cash

Madrid , Spain
₽24964
₽28722
₽42918
₽35455
S + D Salary + Dividends

Salary + Dividends. A combination of a fixed monthly income with a bonus at the end of the year.

Dividends

Dividends. A single payment made annually out of accumulated profits.

Salary

Salary. A fixed monthly income you pay yourself to cover your living expenses.

Sole trader

Sole trader. You're running your business as an individual with an unlimited responsibility

Sole trader
-
-
-
115 500
accident
-
-
-
826
income
-
-
-
24 479
unemployment
-
-
-
642
other
-
-
-
92
pensions
-
-
-
25 958
total
-
-
-
51 997
Employee
47 796
-
87 579
-
income
9 983
-
22 273
-
pensions
2 246
-
4 117
-
unemployment
740
-
1 358
-
other
47
-
88
-
total
13 016
-
27 836
-
Employer
47 796
-
87 579
-
other
383
-
701
-
unemployment
2 629
-
4 817
-
pensions
11 280
-
20 668
-
accident
947
-
1 733
-
total
15 239
-
27 919
-
Corporate
52 466
115 500
-
-
income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

7 869
17 325
-
-
total
7 869
17 325
-
-
Dividends
44 597
98 175
-
-
withholding
9 140
20 476
-
-
total
9 140
20 476
-
-
Income
115 500
115 500
115 500
115 500
Total tax
45 264
37 801
55 755
51 997
After tax
70 236
77 699
59 745
63 503
Living cost
34 781
34 781
34 781
34 781
Free-cash
35 455
42 918
24 964
28 722

Estimated living cost  is ₽34781 per week

₽24978
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
₽6609
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
₽0
I'm drinking at home rarely or never.
₽0
I do not smoke or smoke very rarely.
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Source of data for Madrid model

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