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
-₴14919
-₴5959
-₴8929
-₴7977
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
income
-
-
-
2 413
pensions
-
-
-
5 094
accident
-
-
-
162
total
-
-
-
7 813
Employee
24 961
-
12 498
-
unemployment
386
-
268
-
other
25
-
18
-
pensions
1 173
-
811
-
income
5 213
-
2 167
-
total
6 797
-
3 264
-
Employer
24 961
-
12 498
-
other
200
-
138
-
accident
494
-
341
-
pensions
5 891
-
4 073
-
unemployment
1 373
-
949
-
total
7 958
-
5 501
-
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
-
3 095
-
-
total
-
3 095
-
-
Income
18 000
18 000
18 000
18 000
Total tax
14 755
5 795
8 765
7 813
After tax
3 245
12 205
9 235
10 187
Living cost
18 164
18 164
18 164
18 164
Free-cash
-14 919
-5 959
-8 929
-7 977

Estimated living cost  is ₴18164 per week

₴13045
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3451
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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