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
-₴7210
-₴3876
-₴808
-₴3679
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
accident
-
-
-
229
unemployment
-
-
-
178
pensions
-
-
-
7 217
other
-
-
-
25
income
-
-
-
3 678
total
-
-
-
11 327
Employee
24 803
-
19 336
-
pensions
1 166
-
908
-
other
24
-
19
-
income
5 180
-
3 739
-
unemployment
384
-
300
-
total
6 754
-
4 966
-
Employer
24 803
-
19 336
-
accident
491
-
383
-
other
199
-
155
-
unemployment
1 364
-
1 063
-
pensions
5 853
-
4 563
-
total
7 907
-
6 164
-
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
-
4 434
-
-
total
-
4 434
-
-
Income
25 500
25 500
25 500
25 500
Total tax
14 661
8 259
11 130
11 327
After tax
10 839
17 241
14 370
14 173
Living cost
18 049
18 049
18 049
18 049
Free-cash
-7 210
-808
-3 679
-3 876

Estimated living cost  is ₴18049 per week

₴12962
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴3430
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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