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
₽9452
₽1523
₽1078
₽2111
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
income
-
-
-
9 954
other
-
-
-
62
unemployment
-
-
-
441
pensions
-
-
-
17 829
total
-
-
-
28 854
Employee
45 442
-
47 769
-
other
45
-
48
-
unemployment
704
-
741
-
pensions
2 136
-
2 244
-
income
9 491
-
10 145
-
total
12 376
-
13 178
-
Employer
45 442
-
47 769
-
pensions
10 724
-
11 274
-
accident
900
-
946
-
unemployment
2 500
-
2 627
-
other
364
-
384
-
total
14 488
-
15 231
-
Corporate
3 070
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.

461
9 449
-
-
total
461
9 449
-
-
Dividends
2 609
53 551
-
-
withholding
496
11 031
-
-
total
496
11 031
-
-
Income
63 000
63 000
63 000
63 000
Total tax
27 821
20 480
28 409
28 854
After tax
35 179
42 520
34 591
34 146
Living cost
33 068
33 068
33 068
33 068
Free-cash
2 111
9 452
1 523
1 078

Estimated living cost  is ₽33068 per week

₽23748
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2571
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽466
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.
₽6283
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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