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
₴ 18000
per

Your estimated
City
free-cash

Madrid , Spain
-₴4987
-₴5043
-₴9310
-₴2885
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
-
-
-
18 000
other
-
-
-
18
unemployment
-
-
-
126
accident
-
-
-
162
income
-
-
-
2 518
pensions
-
-
-
5 094
total
-
-
-
7 918
Employee
20 708
-
13 435
-
income
4 325
-
2 499
-
pensions
973
-
673
-
unemployment
321
-
222
-
other
20
-
15
-
total
5 639
-
3 409
-
Employer
20 708
-
13 435
-
pensions
4 887
-
3 379
-
other
166
-
115
-
accident
410
-
283
-
unemployment
1 139
-
788
-
total
6 602
-
4 565
-
Corporate
-
18 000
-
-
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.

-
2 700
-
-
total
-
2 700
-
-
Dividends
-
15 300
-
-
withholding
-
3 116
-
-
total
-
3 116
-
-
Income
18 000
18 000
18 000
18 000
Total tax
12 241
5 816
7 974
7 918
After tax
5 759
12 184
10 026
10 082
Living cost
15 069
15 069
15 069
15 069
Free-cash
-9 310
-2 885
-5 043
-4 987

Estimated living cost  is ₴15069 per week

₴10822
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
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.
₴2863
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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