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
-₴3845
-₴978
-₴4041
-₴7520
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
income
-
-
-
3 672
pensions
-
-
-
7 217
other
-
-
-
26
unemployment
-
-
-
178
accident
-
-
-
229
total
-
-
-
11 322
Employee
25 036
-
19 336
-
unemployment
388
-
300
-
pensions
1 177
-
909
-
other
25
-
20
-
income
5 229
-
3 733
-
total
6 819
-
4 962
-
Employer
25 036
-
19 336
-
accident
496
-
383
-
other
201
-
154
-
unemployment
1 377
-
1 063
-
pensions
5 908
-
4 564
-
total
7 982
-
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
14 801
8 259
11 126
11 322
After tax
10 699
17 241
14 374
14 178
Living cost
18 219
18 219
18 219
18 219
Free-cash
-7 520
-978
-3 845
-4 041

Estimated living cost  is ₴18219 per week

₴13084
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1417
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴3462
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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