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
₽13215
₽4324
₽3839
₽5989
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
accident
-
-
-
616
income
-
-
-
11 117
other
-
-
-
68
unemployment
-
-
-
479
pensions
-
-
-
19 385
total
-
-
-
31 665
Employee
45 344
-
51 943
-
other
45
-
52
-
unemployment
702
-
805
-
pensions
2 131
-
2 441
-
income
9 471
-
11 325
-
total
12 349
-
14 623
-
Employer
45 344
-
51 943
-
pensions
10 701
-
12 258
-
accident
898
-
1 028
-
unemployment
2 494
-
2 856
-
other
363
-
415
-
total
14 456
-
16 557
-
Corporate
8 700
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.

1 304
10 275
-
-
total
1 304
10 275
-
-
Dividends
7 396
58 225
-
-
withholding
1 406
12 014
-
-
total
1 406
12 014
-
-
Income
68 500
68 500
68 500
68 500
Total tax
29 515
22 289
31 180
31 665
After tax
38 985
46 211
37 320
36 835
Living cost
32 996
32 996
32 996
32 996
Free-cash
5 989
13 215
4 324
3 839

Estimated living cost  is ₽32996 per week

₽23697
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2566
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽465
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.
₽6270
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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Estimated living cost

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