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
₽ 60500
per

Your estimated
City
free-cash

Madrid , Spain
₽1338
₽8937
₽909
₽1852
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
-
-
-
60 500
income
-
-
-
9 546
pensions
-
-
-
17 121
unemployment
-
-
-
424
accident
-
-
-
544
other
-
-
-
60
total
-
-
-
27 695
Employee
43 831
-
45 876
-
pensions
2 060
-
2 156
-
other
43
-
47
-
income
9 155
-
9 728
-
unemployment
679
-
711
-
total
11 937
-
12 642
-
Employer
43 831
-
45 876
-
accident
868
-
908
-
unemployment
2 411
-
2 523
-
other
351
-
367
-
pensions
10 344
-
10 826
-
total
13 974
-
14 624
-
Corporate
2 694
60 500
-
-
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.

405
9 075
-
-
total
405
9 075
-
-
Dividends
2 290
51 425
-
-
withholding
436
10 592
-
-
total
436
10 592
-
-
Income
60 500
60 500
60 500
60 500
Total tax
26 752
19 667
27 266
27 695
After tax
33 748
40 833
33 234
32 805
Living cost
31 896
31 896
31 896
31 896
Free-cash
1 852
8 937
1 338
909

Estimated living cost  is ₽31896 per week

₽22906
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2480
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽450
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.
₽6061
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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