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
₽98578
₽128390
₽102640
₽122055
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
pensions
-
-
-
25 390
accident
-
-
-
808
unemployment
-
-
-
628
other
-
-
-
90
income
-
-
-
81 425
total
-
-
-
108 341
Employee
46 748
-
216 398
-
unemployment
724
-
1 391
-
pensions
2 197
-
4 218
-
other
46
-
90
-
income
9 764
-
78 102
-
total
12 731
-
83 801
-
Employer
46 748
-
216 398
-
pensions
11 032
-
21 174
-
other
375
-
718
-
unemployment
2 572
-
4 934
-
accident
926
-
1 776
-
total
14 905
-
28 602
-
Corporate
183 347
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.

27 502
36 751
-
-
total
27 502
36 751
-
-
Dividends
155 845
208 249
-
-
withholding
33 788
45 840
-
-
total
33 788
45 840
-
-
Income
245 000
245 000
245 000
245 000
Total tax
88 926
82 591
112 403
108 341
After tax
156 074
162 409
132 597
136 659
Living cost
34 019
34 019
34 019
34 019
Free-cash
122 055
128 390
98 578
102 640

Estimated living cost  is ₽34019 per week

₽24431
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽479
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.
₽6464
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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