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
₴ 23500
per

Your estimated
City
free-cash

Madrid , Spain
₴904
-₴1974
-₴1808
-₴3636
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
-
-
-
23 500
income
-
-
-
3 452
unemployment
-
-
-
164
other
-
-
-
23
pensions
-
-
-
6 650
accident
-
-
-
212
total
-
-
-
10 501
Employee
20 575
-
17 820
-
pensions
967
-
838
-
unemployment
319
-
276
-
other
20
-
18
-
income
4 297
-
3 523
-
total
5 603
-
4 655
-
Employer
20 575
-
17 820
-
accident
407
-
352
-
unemployment
1 132
-
980
-
pensions
4 856
-
4 206
-
other
165
-
142
-
total
6 560
-
5 680
-
Corporate
-
23 500
-
-
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.

-
3 525
-
-
total
-
3 525
-
-
Dividends
-
19 975
-
-
withholding
-
4 098
-
-
total
-
4 098
-
-
Income
23 500
23 500
23 500
23 500
Total tax
12 163
7 623
10 335
10 501
After tax
11 337
15 877
13 165
12 999
Living cost
14 973
14 973
14 973
14 973
Free-cash
-3 636
904
-1 808
-1 974

Estimated living cost  is ₴14973 per week

₴10753
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
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.
₴2845
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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