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
₽ 120000
per

Your estimated
City
free-cash

Madrid , Spain
₽40653
₽29322
₽33833
₽47552
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
-
-
-
120 000
unemployment
-
-
-
609
income
-
-
-
27 089
other
-
-
-
87
accident
-
-
-
784
pensions
-
-
-
24 616
total
-
-
-
53 185
Employee
45 324
-
92 269
-
unemployment
702
-
1 348
-
pensions
2 130
-
4 089
-
income
9 467
-
24 441
-
other
45
-
87
-
total
12 344
-
29 965
-
Employer
45 324
-
92 269
-
pensions
10 696
-
20 529
-
accident
898
-
1 722
-
unemployment
2 493
-
4 784
-
other
363
-
696
-
total
14 450
-
27 731
-
Corporate
60 226
120 000
-
-
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.

9 035
18 000
-
-
total
9 035
18 000
-
-
Dividends
51 191
102 000
-
-
withholding
10 536
21 466
-
-
total
10 536
21 466
-
-
Income
120 000
120 000
120 000
120 000
Total tax
46 365
39 466
57 696
53 185
After tax
73 635
80 534
62 304
66 815
Living cost
32 982
32 982
32 982
32 982
Free-cash
40 653
47 552
29 322
33 833

Estimated living cost  is ₽32982 per week

₽23686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2565
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.
₽6267
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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