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
₽ 123500
per

Your estimated
City
free-cash

Madrid , Spain
₽47792
₽28467
₽33275
₽40364
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
-
-
-
123 500
accident
-
-
-
835
income
-
-
-
27 240
other
-
-
-
93
unemployment
-
-
-
649
pensions
-
-
-
26 244
total
-
-
-
55 061
Employee
48 322
-
93 935
-
other
47
-
93
-
unemployment
748
-
1 437
-
pensions
2 271
-
4 359
-
income
10 093
-
24 415
-
total
13 159
-
30 304
-
Employer
48 322
-
93 935
-
pensions
11 404
-
21 887
-
accident
957
-
1 836
-
unemployment
2 658
-
5 100
-
other
387
-
742
-
total
15 406
-
29 565
-
Corporate
59 772
123 500
-
-
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.

8 966
18 526
-
-
total
8 966
18 526
-
-
Dividends
50 806
104 974
-
-
withholding
10 441
22 018
-
-
total
10 441
22 018
-
-
Income
123 500
123 500
123 500
123 500
Total tax
47 972
40 544
59 869
55 061
After tax
75 528
82 956
63 631
68 439
Living cost
35 164
35 164
35 164
35 164
Free-cash
40 364
47 792
28 467
33 275

Estimated living cost  is ₽35164 per week

₽25253
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2734
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽496
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.
₽6682
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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