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
₽ 118500
per

Your estimated
City
free-cash

Madrid , Spain
₽45270
₽37972
₽31133
₽26622
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
-
-
-
118 500
unemployment
-
-
-
635
accident
-
-
-
817
income
-
-
-
25 807
pensions
-
-
-
25 650
other
-
-
-
91
total
-
-
-
53 000
Employee
47 228
-
89 853
-
pensions
2 219
-
4 224
-
unemployment
731
-
1 392
-
income
9 864
-
23 159
-
other
46
-
89
-
total
12 860
-
28 864
-
Employer
47 228
-
89 853
-
pensions
11 146
-
21 205
-
accident
935
-
1 780
-
other
379
-
720
-
unemployment
2 598
-
4 942
-
total
15 058
-
28 647
-
Corporate
56 215
118 500
-
-
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.

8 432
17 774
-
-
total
8 432
17 774
-
-
Dividends
47 782
100 726
-
-
withholding
9 811
21 089
-
-
total
9 811
21 089
-
-
Income
118 500
118 500
118 500
118 500
Total tax
46 161
38 863
57 511
53 000
After tax
72 339
79 637
60 989
65 500
Living cost
34 367
34 367
34 367
34 367
Free-cash
37 972
45 270
26 622
31 133

Estimated living cost  is ₽34367 per week

₽24681
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2672
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽484
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.
₽6530
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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Estimated living cost

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