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
₽ 245000
per

Your estimated
City
free-cash

Madrid , Spain
₽98720
₽128515
₽102765
₽122207
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
-
-
-
245 000
other
-
-
-
90
accident
-
-
-
805
income
-
-
-
81 537
pensions
-
-
-
25 291
unemployment
-
-
-
626
total
-
-
-
108 349
Employee
46 567
-
216 509
-
income
9 726
-
78 227
-
other
46
-
90
-
pensions
2 188
-
4 201
-
unemployment
721
-
1 385
-
total
12 681
-
83 903
-
Employer
46 567
-
216 509
-
other
373
-
715
-
unemployment
2 562
-
4 915
-
accident
922
-
1 769
-
pensions
10 990
-
21 092
-
total
14 847
-
28 491
-
Corporate
183 587
245 000
-
-
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.

27 538
36 751
-
-
total
27 538
36 751
-
-
Dividends
156 049
208 249
-
-
withholding
33 841
45 848
-
-
total
33 841
45 848
-
-
Income
245 000
245 000
245 000
245 000
Total tax
88 907
82 599
112 394
108 349
After tax
156 093
162 401
132 606
136 651
Living cost
33 886
33 886
33 886
33 886
Free-cash
122 207
128 515
98 720
102 765

Estimated living cost  is ₽33886 per week

₽24336
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2635
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽478
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.
₽6439
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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