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
₴ 20500
per

Your estimated
City
free-cash

Madrid , Spain
-₴4390
-₴12619
-₴6754
-₴7124
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
-
-
-
20 500
unemployment
-
-
-
143
accident
-
-
-
185
income
-
-
-
2 830
pensions
-
-
-
5 801
other
-
-
-
21
total
-
-
-
8 980
Employee
25 113
-
14 964
-
pensions
1 180
-
816
-
unemployment
389
-
269
-
income
5 245
-
2 712
-
other
25
-
18
-
total
6 839
-
3 815
-
Employer
25 113
-
14 964
-
pensions
5 927
-
4 098
-
accident
497
-
343
-
other
201
-
139
-
unemployment
1 381
-
955
-
total
8 006
-
5 535
-
Corporate
-
20 500
-
-
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.

-
3 075
-
-
total
-
3 075
-
-
Dividends
-
17 425
-
-
withholding
-
3 541
-
-
total
-
3 541
-
-
Income
20 500
20 500
20 500
20 500
Total tax
14 845
6 616
9 350
8 980
After tax
5 655
13 884
11 150
11 520
Living cost
18 274
18 274
18 274
18 274
Free-cash
-12 619
-4 390
-7 124
-6 754

Estimated living cost  is ₴18274 per week

₴13124
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3472
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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