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
₽5081
₽7709
₽5564
₽14523
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
other
-
-
-
68
pensions
-
-
-
19 244
income
-
-
-
11 176
accident
-
-
-
613
unemployment
-
-
-
476
total
-
-
-
31 577
Employee
43 071
-
51 562
-
pensions
2 024
-
2 424
-
income
8 996
-
11 382
-
other
42
-
51
-
unemployment
667
-
799
-
total
11 729
-
14 656
-
Employer
43 071
-
51 562
-
pensions
10 165
-
12 168
-
other
345
-
413
-
unemployment
2 369
-
2 836
-
accident
853
-
1 021
-
total
13 732
-
16 438
-
Corporate
11 197
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.

1 679
10 200
-
-
total
1 679
10 200
-
-
Dividends
9 518
57 800
-
-
withholding
1 809
11 935
-
-
total
1 809
11 935
-
-
Income
68 000
68 000
68 000
68 000
Total tax
28 949
22 135
31 094
31 577
After tax
39 051
45 865
36 906
36 423
Living cost
31 342
31 342
31 342
31 342
Free-cash
7 709
14 523
5 564
5 081

Estimated living cost  is ₽31342 per week

₽22509
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2437
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽442
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.
₽5956
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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