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
₽ 33500
per

Your estimated
City
free-cash

Madrid , Spain
-₽8481
-₽13279
-₽23004
-₽12307
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
-
-
-
33 500
accident
-
-
-
301
unemployment
-
-
-
234
pensions
-
-
-
9 480
other
-
-
-
34
income
-
-
-
4 580
total
-
-
-
14 629
Employee
42 845
-
24 055
-
pensions
2 013
-
1 392
-
income
8 949
-
4 274
-
unemployment
663
-
460
-
other
42
-
30
-
total
11 667
-
6 156
-
Employer
42 845
-
24 055
-
other
343
-
237
-
unemployment
2 357
-
1 630
-
accident
848
-
586
-
pensions
10 111
-
6 992
-
total
13 659
-
9 445
-
Corporate
-
33 500
-
-
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.

-
5 025
-
-
total
-
5 025
-
-
Dividends
-
28 475
-
-
withholding
-
5 778
-
-
total
-
5 778
-
-
Income
33 500
33 500
33 500
33 500
Total tax
25 326
10 803
15 601
14 629
After tax
8 174
22 697
17 899
18 871
Living cost
31 178
31 178
31 178
31 178
Free-cash
-23 004
-8 481
-13 279
-12 307

Estimated living cost  is ₽31178 per week

₽22391
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2424
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽439
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.
₽5924
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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