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
₽ 244000
per

Your estimated
City
free-cash

Madrid , Spain
₽104540
₽124326
₽100790
₽130175
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
-
-
-
244 000
other
-
-
-
83
pensions
-
-
-
23 452
income
-
-
-
83 175
accident
-
-
-
747
unemployment
-
-
-
580
total
-
-
-
108 037
Employee
43 181
-
217 580
-
pensions
2 029
-
3 896
-
income
9 019
-
80 105
-
other
42
-
83
-
unemployment
669
-
1 284
-
total
11 759
-
85 368
-
Employer
43 181
-
217 580
-
pensions
10 191
-
19 558
-
other
346
-
663
-
unemployment
2 375
-
4 557
-
accident
855
-
1 641
-
total
13 767
-
26 419
-
Corporate
187 051
244 000
-
-
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.

28 057
36 600
-
-
total
28 057
36 600
-
-
Dividends
158 994
207 400
-
-
withholding
34 668
45 802
-
-
total
34 668
45 802
-
-
Income
244 000
244 000
244 000
244 000
Total tax
88 251
82 402
111 787
108 037
After tax
155 749
161 598
132 213
135 963
Living cost
31 423
31 423
31 423
31 423
Free-cash
124 326
130 175
100 790
104 540

Estimated living cost  is ₽31423 per week

₽22567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2443
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽443
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.
₽5971
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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Estimated living cost

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