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
₽ 40500
per

Your estimated
City
free-cash

Madrid , Spain
-₽7409
-₽22625
-₽12115
-₽12494
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
-
-
-
40 500
unemployment
-
-
-
284
accident
-
-
-
365
income
-
-
-
5 634
pensions
-
-
-
11 461
other
-
-
-
41
total
-
-
-
17 785
Employee
47 864
-
29 949
-
pensions
2 249
-
1 555
-
unemployment
741
-
513
-
income
9 997
-
5 511
-
other
47
-
34
-
total
13 034
-
7 613
-
Employer
47 864
-
29 949
-
pensions
11 296
-
7 811
-
accident
948
-
654
-
other
384
-
265
-
unemployment
2 633
-
1 821
-
total
15 261
-
10 551
-
Corporate
-
40 500
-
-
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.

-
6 075
-
-
total
-
6 075
-
-
Dividends
-
34 425
-
-
withholding
-
7 004
-
-
total
-
7 004
-
-
Income
40 500
40 500
40 500
40 500
Total tax
28 295
13 079
18 164
17 785
After tax
12 205
27 421
22 336
22 715
Living cost
34 830
34 830
34 830
34 830
Free-cash
-22 625
-7 409
-12 494
-12 115

Estimated living cost  is ₽34830 per week

₽25014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2708
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽491
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.
₽6618
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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