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
-₴7159
-₴781
-₴3654
-₴3849
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
-
-
-
25
unemployment
-
-
-
178
income
-
-
-
3 679
pensions
-
-
-
7 216
accident
-
-
-
230
total
-
-
-
11 328
Employee
24 764
-
19 336
-
unemployment
383
-
300
-
other
24
-
19
-
pensions
1 164
-
909
-
income
5 172
-
3 740
-
total
6 743
-
4 968
-
Employer
24 764
-
19 336
-
other
199
-
155
-
accident
490
-
382
-
pensions
5 844
-
4 564
-
unemployment
1 362
-
1 064
-
total
7 895
-
6 165
-
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
-
4 435
-
-
total
-
4 435
-
-
Income
25 500
25 500
25 500
25 500
Total tax
14 638
8 260
11 133
11 328
After tax
10 862
17 240
14 367
14 172
Living cost
18 021
18 021
18 021
18 021
Free-cash
-7 159
-781
-3 654
-3 849

Estimated living cost  is ₴18021 per week

₴12942
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1401
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3424
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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