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
₽ 68500
per

Your estimated
City
free-cash

Madrid , Spain
₽11446
₽3767
₽2234
₽2716
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
-
-
-
68 500
unemployment
-
-
-
479
accident
-
-
-
616
income
-
-
-
10 941
pensions
-
-
-
19 385
other
-
-
-
68
total
-
-
-
31 489
Employee
47 790
-
51 941
-
pensions
2 246
-
2 441
-
unemployment
740
-
806
-
income
9 982
-
11 148
-
other
47
-
53
-
total
13 015
-
14 448
-
Employer
47 790
-
51 941
-
pensions
11 278
-
12 259
-
accident
946
-
1 029
-
other
383
-
415
-
unemployment
2 629
-
2 856
-
total
15 236
-
16 559
-
Corporate
5 473
68 500
-
-
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.

821
10 276
-
-
total
821
10 276
-
-
Dividends
4 653
58 224
-
-
withholding
884
12 001
-
-
total
884
12 001
-
-
Income
68 500
68 500
68 500
68 500
Total tax
29 956
22 277
31 007
31 489
After tax
38 544
46 223
37 493
37 011
Living cost
34 777
34 777
34 777
34 777
Free-cash
3 767
11 446
2 716
2 234

Estimated living cost  is ₽34777 per week

₽24975
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2704
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽490
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.
₽6608
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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