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
₽ 123000
per

Your estimated
City
free-cash

Madrid , Spain
₽47337
₽39860
₽32786
₽27962
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
-
-
-
123 000
accident
-
-
-
839
income
-
-
-
26 984
pensions
-
-
-
26 346
other
-
-
-
93
unemployment
-
-
-
652
total
-
-
-
54 914
Employee
48 509
-
93 320
-
other
48
-
93
-
income
10 132
-
24 147
-
pensions
2 280
-
4 376
-
unemployment
751
-
1 443
-
total
13 211
-
30 059
-
Employer
48 509
-
93 320
-
accident
961
-
1 843
-
other
389
-
745
-
unemployment
2 669
-
5 120
-
pensions
11 448
-
21 971
-
total
15 467
-
29 679
-
Corporate
59 025
123 000
-
-
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.

8 854
18 451
-
-
total
8 854
18 451
-
-
Dividends
50 171
104 549
-
-
withholding
10 308
21 912
-
-
total
10 308
21 912
-
-
Income
123 000
123 000
123 000
123 000
Total tax
47 840
40 363
59 738
54 914
After tax
75 160
82 637
63 262
68 086
Living cost
35 300
35 300
35 300
35 300
Free-cash
39 860
47 337
27 962
32 786

Estimated living cost  is ₽35300 per week

₽25351
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2745
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽497
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.
₽6708
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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