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
₴ 14500
per

Your estimated
City
free-cash

Madrid , Spain
-₴8049
-₴9677
-₴17942
-₴11423
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
-
-
-
14 500
unemployment
-
-
-
101
other
-
-
-
14
pensions
-
-
-
4 103
accident
-
-
-
130
income
-
-
-
1 928
total
-
-
-
6 276
Employee
24 600
-
9 077
-
unemployment
381
-
264
-
income
5 138
-
1 520
-
other
24
-
17
-
pensions
1 156
-
799
-
total
6 699
-
2 600
-
Employer
24 600
-
9 077
-
unemployment
1 353
-
936
-
pensions
5 805
-
4 014
-
other
197
-
136
-
accident
487
-
336
-
total
7 842
-
5 422
-
Corporate
-
14 500
-
-
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.

-
2 175
-
-
total
-
2 175
-
-
Dividends
-
12 325
-
-
withholding
-
2 473
-
-
total
-
2 473
-
-
Income
14 500
14 500
14 500
14 500
Total tax
14 541
4 648
8 022
6 276
After tax
-41
9 852
6 478
8 224
Living cost
17 901
17 901
17 901
17 901
Free-cash
-17 942
-8 049
-11 423
-9 677

Estimated living cost  is ₴17901 per week

₴12856
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
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.
₴3402
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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