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
-₽3769
-₽8548
-₽8879
-₽16550
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
accident
-
-
-
387
income
-
-
-
6 120
other
-
-
-
43
unemployment
-
-
-
302
pensions
-
-
-
12 169
total
-
-
-
19 021
Employee
45 153
-
32 605
-
other
44
-
32
-
unemployment
699
-
506
-
pensions
2 122
-
1 533
-
income
9 431
-
6 223
-
total
12 296
-
8 294
-
Employer
45 153
-
32 605
-
pensions
10 656
-
7 695
-
accident
894
-
646
-
unemployment
2 484
-
1 794
-
other
362
-
261
-
total
14 396
-
10 396
-
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.

-
6 449
-
-
total
-
6 449
-
-
Dividends
-
36 551
-
-
withholding
-
7 462
-
-
total
-
7 462
-
-
Income
43 000
43 000
43 000
43 000
Total tax
26 692
13 911
18 690
19 021
After tax
16 308
29 089
24 310
23 979
Living cost
32 858
32 858
32 858
32 858
Free-cash
-16 550
-3 769
-8 548
-8 879

Estimated living cost  is ₽32858 per week

₽23597
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2555
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽463
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.
₽6243
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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