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
₽ 119000
per

Your estimated
City
free-cash

Madrid , Spain
₽40753
₽47495
₽29585
₽34008
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
-
-
-
119 000
other
-
-
-
86
unemployment
-
-
-
597
income
-
-
-
27 052
pensions
-
-
-
24 142
accident
-
-
-
769
total
-
-
-
52 646
Employee
44 450
-
91 804
-
unemployment
688
-
1 322
-
other
44
-
86
-
pensions
2 089
-
4 010
-
income
9 284
-
24 455
-
total
12 105
-
29 873
-
Employer
44 450
-
91 804
-
other
356
-
683
-
accident
880
-
1 689
-
pensions
10 490
-
20 133
-
unemployment
2 445
-
4 691
-
total
14 171
-
27 196
-
Corporate
60 378
119 000
-
-
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.

9 056
17 850
-
-
total
9 056
17 850
-
-
Dividends
51 321
101 150
-
-
withholding
10 569
21 309
-
-
total
10 569
21 309
-
-
Income
119 000
119 000
119 000
119 000
Total tax
45 901
39 159
57 069
52 646
After tax
73 099
79 841
61 931
66 354
Living cost
32 346
32 346
32 346
32 346
Free-cash
40 753
47 495
29 585
34 008

Estimated living cost  is ₽32346 per week

₽23230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2515
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽456
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.
₽6146
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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