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
₽ 53000
per

Your estimated
City
free-cash

Madrid , Spain
-₽4732
₽3942
-₽2353
-₽2729
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
-
-
-
53 000
other
-
-
-
53
unemployment
-
-
-
372
income
-
-
-
7 975
pensions
-
-
-
14 999
accident
-
-
-
476
total
-
-
-
23 875
Employee
43 774
-
40 187
-
unemployment
678
-
623
-
other
43
-
40
-
pensions
2 057
-
1 889
-
income
9 143
-
8 135
-
total
11 921
-
10 687
-
Employer
43 774
-
40 187
-
other
351
-
322
-
accident
867
-
796
-
pensions
10 331
-
9 484
-
unemployment
2 408
-
2 210
-
total
13 957
-
12 812
-
Corporate
-
53 000
-
-
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.

-
7 950
-
-
total
-
7 950
-
-
Dividends
-
45 050
-
-
withholding
-
9 254
-
-
total
-
9 254
-
-
Income
53 000
53 000
53 000
53 000
Total tax
25 878
17 204
23 499
23 875
After tax
27 122
35 796
29 501
29 125
Living cost
31 854
31 854
31 854
31 854
Free-cash
-4 732
3 942
-2 353
-2 729

Estimated living cost  is ₽31854 per week

₽22877
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2477
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽449
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.
₽6053
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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