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
₽ 118000
per

Your estimated
City
free-cash

Madrid , Spain
₽44560
₽26087
₽30305
₽37142
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
-
-
-
118 000
accident
-
-
-
826
income
-
-
-
25 409
other
-
-
-
92
unemployment
-
-
-
642
pensions
-
-
-
25 953
total
-
-
-
52 922
Employee
47 786
-
89 475
-
other
47
-
90
-
unemployment
740
-
1 388
-
pensions
2 246
-
4 206
-
income
9 981
-
22 931
-
total
13 014
-
28 615
-
Employer
47 786
-
89 475
-
pensions
11 277
-
21 116
-
accident
946
-
1 773
-
unemployment
2 629
-
4 921
-
other
383
-
715
-
total
15 235
-
28 525
-
Corporate
54 979
118 000
-
-
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.

8 247
17 701
-
-
total
8 247
17 701
-
-
Dividends
46 733
100 299
-
-
withholding
9 589
20 966
-
-
total
9 589
20 966
-
-
Income
118 000
118 000
118 000
118 000
Total tax
46 085
38 667
57 140
52 922
After tax
71 915
79 333
60 860
65 078
Living cost
34 773
34 773
34 773
34 773
Free-cash
37 142
44 560
26 087
30 305

Estimated living cost  is ₽34773 per week

₽24973
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.
₽6607
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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