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
₽ 68000
per

Your estimated
City
free-cash

Madrid , Spain
₽6361
₽4591
₽13451
₽4111
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
-
-
-
68 000
accident
-
-
-
613
income
-
-
-
11 068
pensions
-
-
-
19 243
other
-
-
-
68
unemployment
-
-
-
476
total
-
-
-
31 468
Employee
44 553
-
51 561
-
unemployment
690
-
800
-
pensions
2 094
-
2 423
-
income
9 306
-
11 275
-
other
44
-
51
-
total
12 134
-
14 549
-
Employer
44 553
-
51 561
-
pensions
10 514
-
12 169
-
other
357
-
413
-
unemployment
2 451
-
2 836
-
accident
882
-
1 021
-
total
14 204
-
16 439
-
Corporate
9 242
68 000
-
-
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.

1 387
10 199
-
-
total
1 387
10 199
-
-
Dividends
7 855
57 801
-
-
withholding
1 493
11 929
-
-
total
1 493
11 929
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 218
22 128
30 988
31 468
After tax
38 782
45 872
37 012
36 532
Living cost
32 421
32 421
32 421
32 421
Free-cash
6 361
13 451
4 591
4 111

Estimated living cost  is ₽32421 per week

₽23284
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2521
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽457
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.
₽6161
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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