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
₽ 230500
per

Your estimated
City
free-cash

Madrid , Spain
₽96643
₽114923
₽92832
₽120869
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
-
-
-
230 500
other
-
-
-
84
pensions
-
-
-
23 827
income
-
-
-
76 674
accident
-
-
-
758
unemployment
-
-
-
590
total
-
-
-
101 933
Employee
43 870
-
203 659
-
pensions
2 062
-
3 958
-
income
9 163
-
73 556
-
other
43
-
84
-
unemployment
679
-
1 305
-
total
11 947
-
78 903
-
Employer
43 870
-
203 659
-
pensions
10 353
-
19 870
-
other
352
-
674
-
unemployment
2 413
-
4 630
-
accident
869
-
1 667
-
total
13 987
-
26 841
-
Corporate
172 643
230 500
-
-
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.

25 897
34 575
-
-
total
25 897
34 575
-
-
Dividends
146 746
195 925
-
-
withholding
31 822
43 132
-
-
total
31 822
43 132
-
-
Income
230 500
230 500
230 500
230 500
Total tax
83 653
77 707
105 744
101 933
After tax
146 847
152 793
124 756
128 567
Living cost
31 924
31 924
31 924
31 924
Free-cash
114 923
120 869
92 832
96 643

Estimated living cost  is ₽31924 per week

₽22927
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2482
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
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.
₽6066
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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