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
₴ 25500
per

Your estimated
City
free-cash

Madrid , Spain
-₴3935
-₴4132
-₴7690
-₴1071
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
-
-
-
25 500
other
-
-
-
26
unemployment
-
-
-
179
pensions
-
-
-
7 217
income
-
-
-
3 668
accident
-
-
-
229
total
-
-
-
11 319
Employee
25 166
-
19 336
-
pensions
1 183
-
909
-
income
5 256
-
3 730
-
unemployment
390
-
300
-
other
25
-
20
-
total
6 854
-
4 959
-
Employer
25 166
-
19 336
-
other
202
-
154
-
accident
498
-
383
-
pensions
5 939
-
4 563
-
unemployment
1 384
-
1 063
-
total
8 023
-
6 163
-
Corporate
-
25 500
-
-
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.

-
3 825
-
-
total
-
3 825
-
-
Dividends
-
21 675
-
-
withholding
-
4 433
-
-
total
-
4 433
-
-
Income
25 500
25 500
25 500
25 500
Total tax
14 877
8 258
11 122
11 319
After tax
10 623
17 242
14 378
14 181
Living cost
18 313
18 313
18 313
18 313
Free-cash
-7 690
-1 071
-3 935
-4 132

Estimated living cost  is ₴18313 per week

₴13152
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1424
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.
₴3480
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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