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
₽122842
₽99320
₽129046
₽103299
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
accident
-
-
-
792
income
-
-
-
82 016
pensions
-
-
-
24 869
other
-
-
-
88
unemployment
-
-
-
615
total
-
-
-
108 380
Employee
45 790
-
216 984
-
unemployment
709
-
1 362
-
pensions
2 152
-
4 131
-
income
9 564
-
78 761
-
other
45
-
88
-
total
12 470
-
84 342
-
Employer
45 790
-
216 984
-
pensions
10 806
-
20 740
-
other
367
-
704
-
unemployment
2 519
-
4 833
-
accident
907
-
1 740
-
total
14 599
-
28 017
-
Corporate
184 611
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.

27 692
36 750
-
-
total
27 692
36 750
-
-
Dividends
156 919
208 250
-
-
withholding
34 076
45 883
-
-
total
34 076
45 883
-
-
Income
245 000
245 000
245 000
245 000
Total tax
88 837
82 633
112 359
108 380
After tax
156 163
162 367
132 641
136 620
Living cost
33 321
33 321
33 321
33 321
Free-cash
122 842
129 046
99 320
103 299

Estimated living cost  is ₽33321 per week

₽23930
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2591
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
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.
₽6332
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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