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
₽ 37500
per

Your estimated
City
free-cash

Madrid , Spain
-₽8265
-₽13326
-₽12583
-₽23510
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
-
-
-
37 500
accident
-
-
-
338
income
-
-
-
5 169
other
-
-
-
38
unemployment
-
-
-
262
pensions
-
-
-
10 612
total
-
-
-
16 419
Employee
46 261
-
27 302
-
other
45
-
33
-
unemployment
716
-
496
-
pensions
2 174
-
1 503
-
income
9 662
-
4 932
-
total
12 597
-
6 964
-
Employer
46 261
-
27 302
-
pensions
10 917
-
7 549
-
accident
916
-
633
-
unemployment
2 545
-
1 760
-
other
371
-
256
-
total
14 749
-
10 198
-
Corporate
-
37 500
-
-
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.

-
5 624
-
-
total
-
5 624
-
-
Dividends
-
31 876
-
-
withholding
-
6 477
-
-
total
-
6 477
-
-
Income
37 500
37 500
37 500
37 500
Total tax
27 346
12 101
17 162
16 419
After tax
10 154
25 399
20 338
21 081
Living cost
33 664
33 664
33 664
33 664
Free-cash
-23 510
-8 265
-13 326
-12 583

Estimated living cost  is ₽33664 per week

₽24176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2618
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽474
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.
₽6397
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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