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
₽122780
₽99262
₽103246
₽128993
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
unemployment
-
-
-
616
accident
-
-
-
793
pensions
-
-
-
24 911
income
-
-
-
81 969
other
-
-
-
88
total
-
-
-
108 377
Employee
45 866
-
216 937
-
other
45
-
88
-
income
9 580
-
78 708
-
pensions
2 155
-
4 138
-
unemployment
710
-
1 364
-
total
12 490
-
84 298
-
Employer
45 866
-
216 937
-
accident
908
-
1 743
-
unemployment
2 523
-
4 841
-
pensions
10 824
-
20 774
-
other
368
-
705
-
total
14 623
-
28 063
-
Corporate
184 510
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.

27 677
36 750
-
-
total
27 677
36 750
-
-
Dividends
156 833
208 250
-
-
withholding
34 053
45 880
-
-
total
34 053
45 880
-
-
Income
245 000
245 000
245 000
245 000
Total tax
88 843
82 630
112 361
108 377
After tax
156 157
162 370
132 639
136 623
Living cost
33 377
33 377
33 377
33 377
Free-cash
122 780
128 993
99 262
103 246

Estimated living cost  is ₽33377 per week

₽23970
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2595
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.
₽6342
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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