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
₽ 63000
per

Your estimated
City
free-cash

Madrid , Spain
₽3386
₽1998
₽10465
₽2443
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
-
-
-
63 000
accident
-
-
-
568
unemployment
-
-
-
441
pensions
-
-
-
17 829
other
-
-
-
62
income
-
-
-
10 055
total
-
-
-
28 955
Employee
44 039
-
47 770
-
pensions
2 070
-
2 244
-
other
43
-
48
-
income
9 198
-
10 247
-
unemployment
682
-
741
-
total
11 993
-
13 280
-
Employer
44 039
-
47 770
-
accident
872
-
947
-
other
353
-
382
-
unemployment
2 423
-
2 627
-
pensions
10 393
-
11 274
-
total
14 041
-
15 230
-
Corporate
4 920
63 000
-
-
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.

739
9 450
-
-
total
739
9 450
-
-
Dividends
4 181
53 550
-
-
withholding
794
11 038
-
-
total
794
11 038
-
-
Income
63 000
63 000
63 000
63 000
Total tax
27 567
20 488
28 510
28 955
After tax
35 433
42 512
34 490
34 045
Living cost
32 047
32 047
32 047
32 047
Free-cash
3 386
10 465
2 443
1 998

Estimated living cost  is ₽32047 per week

₽23015
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽452
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.
₽6089
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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