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
₽10544
₽1955
₽1474
₽2712
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
-
-
-
10 779
other
-
-
-
69
unemployment
-
-
-
475
pensions
-
-
-
19 244
total
-
-
-
31 180
Employee
48 573
-
51 561
-
other
48
-
52
-
unemployment
752
-
800
-
pensions
2 283
-
2 424
-
income
10 145
-
10 985
-
total
13 228
-
14 261
-
Employer
48 573
-
51 561
-
pensions
11 463
-
12 169
-
accident
962
-
1 021
-
unemployment
2 672
-
2 836
-
other
389
-
412
-
total
15 486
-
16 438
-
Corporate
3 941
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.

592
10 200
-
-
total
592
10 200
-
-
Dividends
3 349
57 800
-
-
withholding
636
11 910
-
-
total
636
11 910
-
-
Income
68 000
68 000
68 000
68 000
Total tax
29 942
22 110
30 699
31 180
After tax
38 058
45 890
37 301
36 820
Living cost
35 346
35 346
35 346
35 346
Free-cash
2 712
10 544
1 955
1 474

Estimated living cost  is ₽35346 per week

₽25384
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2748
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽498
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.
₽6716
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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