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
₽ 58500
per

Your estimated
City
free-cash

Madrid , Spain
₽617
₽7705
₽445
₽30
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
-
-
-
58 500
other
-
-
-
58
unemployment
-
-
-
410
income
-
-
-
9 136
pensions
-
-
-
16 555
accident
-
-
-
527
total
-
-
-
26 686
Employee
43 678
-
44 356
-
unemployment
676
-
688
-
other
43
-
45
-
pensions
2 053
-
2 085
-
income
9 123
-
9 313
-
total
11 895
-
12 131
-
Employer
43 678
-
44 356
-
other
350
-
355
-
accident
865
-
879
-
pensions
10 308
-
10 467
-
unemployment
2 403
-
2 439
-
total
13 926
-
14 140
-
Corporate
897
58 500
-
-
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.

134
8 775
-
-
total
134
8 775
-
-
Dividends
763
49 725
-
-
withholding
144
10 236
-
-
total
144
10 236
-
-
Income
58 500
58 500
58 500
58 500
Total tax
26 099
19 011
26 271
26 686
After tax
32 401
39 489
32 229
31 814
Living cost
31 784
31 784
31 784
31 784
Free-cash
617
7 705
445
30

Estimated living cost  is ₽31784 per week

₽22826
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2471
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.
₽6039
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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