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
₽28723
₽46918
₽33230
₽40009
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
-
-
-
87
accident
-
-
-
783
income
-
-
-
26 730
pensions
-
-
-
24 600
unemployment
-
-
-
609
total
-
-
-
52 809
Employee
45 295
-
91 287
-
income
9 460
-
24 083
-
other
44
-
87
-
pensions
2 129
-
4 086
-
unemployment
701
-
1 347
-
total
12 334
-
29 603
-
Employer
45 295
-
91 287
-
other
363
-
696
-
unemployment
2 492
-
4 780
-
accident
897
-
1 721
-
pensions
10 689
-
20 516
-
total
14 441
-
27 713
-
Corporate
59 264
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.

8 890
17 849
-
-
total
8 890
17 849
-
-
Dividends
50 374
101 151
-
-
withholding
10 365
21 272
-
-
total
10 365
21 272
-
-
Income
119 000
119 000
119 000
119 000
Total tax
46 030
39 121
57 316
52 809
After tax
72 970
79 879
61 684
66 191
Living cost
32 961
32 961
32 961
32 961
Free-cash
40 009
46 918
28 723
33 230

Estimated living cost  is ₽32961 per week

₽23671
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2563
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
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.
₽6263
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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