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
₽ 43000
per

Your estimated
City
free-cash

Madrid , Spain
-₽15439
-₽3161
-₽7952
-₽8285
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
-
-
-
43 000
other
-
-
-
44
unemployment
-
-
-
301
income
-
-
-
6 140
pensions
-
-
-
12 169
accident
-
-
-
387
total
-
-
-
19 041
Employee
44 310
-
32 606
-
unemployment
686
-
505
-
other
44
-
33
-
pensions
2 082
-
1 532
-
income
9 255
-
6 244
-
total
12 067
-
8 314
-
Employer
44 310
-
32 606
-
other
355
-
259
-
accident
878
-
646
-
pensions
10 457
-
7 696
-
unemployment
2 438
-
1 793
-
total
14 128
-
10 394
-
Corporate
-
43 000
-
-
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.

-
6 451
-
-
total
-
6 451
-
-
Dividends
-
36 549
-
-
withholding
-
7 466
-
-
total
-
7 466
-
-
Income
43 000
43 000
43 000
43 000
Total tax
26 195
13 917
18 708
19 041
After tax
16 805
29 083
24 292
23 959
Living cost
32 244
32 244
32 244
32 244
Free-cash
-15 439
-3 161
-7 952
-8 285

Estimated living cost  is ₽32244 per week

₽23157
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2507
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
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.
₽6127
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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