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
-₽5587
-₽10216
-₽10342
-₽19301
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
accident
-
-
-
365
income
-
-
-
5 695
other
-
-
-
41
unemployment
-
-
-
283
pensions
-
-
-
11 462
total
-
-
-
17 846
Employee
45 344
-
30 505
-
other
45
-
32
-
unemployment
702
-
486
-
pensions
2 131
-
1 473
-
income
9 471
-
5 734
-
total
12 349
-
7 725
-
Employer
45 344
-
30 505
-
pensions
10 701
-
7 399
-
accident
898
-
620
-
unemployment
2 494
-
1 725
-
other
363
-
251
-
total
14 456
-
9 995
-
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.

-
6 076
-
-
total
-
6 076
-
-
Dividends
-
34 424
-
-
withholding
-
7 015
-
-
total
-
7 015
-
-
Income
40 500
40 500
40 500
40 500
Total tax
26 805
13 091
17 720
17 846
After tax
13 695
27 409
22 780
22 654
Living cost
32 996
32 996
32 996
32 996
Free-cash
-19 301
-5 587
-10 216
-10 342

Estimated living cost  is ₽32996 per week

₽23697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
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.
₽6270
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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