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
₽ 16500
per

Your estimated
City
free-cash

Madrid , Spain
-₽41786
-₽20873
-₽28259
-₽23576
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
-
-
-
16 500
other
-
-
-
19
unemployment
-
-
-
137
income
-
-
-
2 013
pensions
-
-
-
5 569
accident
-
-
-
177
total
-
-
-
7 915
Employee
44 196
-
6 758
-
unemployment
684
-
474
-
other
43
-
31
-
pensions
2 077
-
1 436
-
income
9 231
-
915
-
total
12 035
-
2 856
-
Employer
44 196
-
6 758
-
other
354
-
245
-
accident
875
-
604
-
pensions
10 430
-
7 212
-
unemployment
2 431
-
1 681
-
total
14 090
-
9 742
-
Corporate
-
16 500
-
-
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.

-
2 475
-
-
total
-
2 475
-
-
Dividends
-
14 025
-
-
withholding
-
2 737
-
-
total
-
2 737
-
-
Income
16 500
16 500
16 500
16 500
Total tax
26 125
5 212
12 598
7 915
After tax
-9 625
11 288
3 902
8 585
Living cost
32 161
32 161
32 161
32 161
Free-cash
-41 786
-20 873
-28 259
-23 576

Estimated living cost  is ₽32161 per week

₽23097
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2501
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽453
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.
₽6111
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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