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
₽ 53500
per

Your estimated
City
free-cash

Madrid , Spain
-₽2044
₽4344
-₽2423
-₽4111
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
-
-
-
53 500
income
-
-
-
8 085
pensions
-
-
-
15 141
unemployment
-
-
-
374
accident
-
-
-
482
other
-
-
-
53
total
-
-
-
24 135
Employee
43 683
-
40 567
-
pensions
2 053
-
1 907
-
other
43
-
41
-
income
9 124
-
8 248
-
unemployment
676
-
628
-
total
11 896
-
10 824
-
Employer
43 683
-
40 567
-
accident
865
-
803
-
unemployment
2 403
-
2 231
-
other
350
-
324
-
pensions
10 309
-
9 574
-
total
13 927
-
12 932
-
Corporate
-
53 500
-
-
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.

-
8 024
-
-
total
-
8 024
-
-
Dividends
-
45 476
-
-
withholding
-
9 344
-
-
total
-
9 344
-
-
Income
53 500
53 500
53 500
53 500
Total tax
25 823
17 368
23 756
24 135
After tax
27 677
36 132
29 744
29 365
Living cost
31 788
31 788
31 788
31 788
Free-cash
-4 111
4 344
-2 044
-2 423

Estimated living cost  is ₽31788 per week

₽22829
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2472
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽448
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.
₽6040
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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