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
₴ 16000
per

Your estimated
City
free-cash

Madrid , Spain
-₴9359
-₴17403
-₴10894
-₴7568
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
-
-
-
16 000
other
-
-
-
16
pensions
-
-
-
4 528
income
-
-
-
2 128
accident
-
-
-
144
unemployment
-
-
-
112
total
-
-
-
6 928
Employee
25 328
-
10 417
-
pensions
1 190
-
823
-
income
5 290
-
1 768
-
other
25
-
18
-
unemployment
392
-
272
-
total
6 897
-
2 881
-
Employer
25 328
-
10 417
-
pensions
5 977
-
4 133
-
other
203
-
140
-
unemployment
1 393
-
963
-
accident
502
-
346
-
total
8 075
-
5 582
-
Corporate
-
16 000
-
-
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.

-
2 400
-
-
total
-
2 400
-
-
Dividends
-
13 600
-
-
withholding
-
2 737
-
-
total
-
2 737
-
-
Income
16 000
16 000
16 000
16 000
Total tax
14 972
5 137
8 463
6 928
After tax
1 028
10 863
7 537
9 072
Living cost
18 431
18 431
18 431
18 431
Free-cash
-17 403
-7 568
-10 894
-9 359

Estimated living cost  is ₴18431 per week

₴13237
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3502
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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