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
₽ 20500
per

Your estimated
City
free-cash

Madrid , Spain
-₽39562
-₽26287
-₽19159
-₽21515
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
-
-
-
20 500
accident
-
-
-
184
income
-
-
-
2 727
pensions
-
-
-
5 801
other
-
-
-
20
unemployment
-
-
-
143
total
-
-
-
8 875
Employee
45 541
-
10 461
-
unemployment
705
-
489
-
pensions
2 140
-
1 480
-
income
9 512
-
1 607
-
other
45
-
32
-
total
12 402
-
3 608
-
Employer
45 541
-
10 461
-
pensions
10 748
-
7 432
-
other
365
-
252
-
unemployment
2 505
-
1 732
-
accident
902
-
623
-
total
14 520
-
10 039
-
Corporate
-
20 500
-
-
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.

-
3 074
-
-
total
-
3 074
-
-
Dividends
-
17 426
-
-
withholding
-
3 445
-
-
total
-
3 445
-
-
Income
20 500
20 500
20 500
20 500
Total tax
26 922
6 519
13 647
8 875
After tax
-6 422
13 981
6 853
11 625
Living cost
33 140
33 140
33 140
33 140
Free-cash
-39 562
-19 159
-26 287
-21 515

Estimated living cost  is ₽33140 per week

₽23800
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2577
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽467
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.
₽6297
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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