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
₽ 55000
per

Your estimated
City
free-cash

Madrid , Spain
-₽3102
₽3793
-₽5454
-₽2708
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
-
-
-
55 000
pensions
-
-
-
15 565
other
-
-
-
56
unemployment
-
-
-
385
accident
-
-
-
495
income
-
-
-
8 245
total
-
-
-
24 746
Employee
45 838
-
41 704
-
pensions
2 154
-
1 960
-
other
45
-
41
-
unemployment
710
-
647
-
income
9 574
-
8 412
-
total
12 483
-
11 060
-
Employer
45 838
-
41 704
-
pensions
10 818
-
9 841
-
other
367
-
333
-
unemployment
2 522
-
2 293
-
accident
908
-
825
-
total
14 615
-
13 292
-
Corporate
-
55 000
-
-
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.

-
8 249
-
-
total
-
8 249
-
-
Dividends
-
46 751
-
-
withholding
-
9 602
-
-
total
-
9 602
-
-
Income
55 000
55 000
55 000
55 000
Total tax
27 098
17 851
24 352
24 746
After tax
27 902
37 149
30 648
30 254
Living cost
33 356
33 356
33 356
33 356
Free-cash
-5 454
3 793
-2 708
-3 102

Estimated living cost  is ₽33356 per week

₽23955
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2594
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽470
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.
₽6338
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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