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
₴ 30000
per

Your estimated
City
free-cash

Madrid , Spain
-₴3006
₴2052
-₴1494
-₴1706
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
-
-
-
30 000
other
-
-
-
30
unemployment
-
-
-
210
income
-
-
-
4 495
pensions
-
-
-
8 490
accident
-
-
-
270
total
-
-
-
13 495
Employee
25 026
-
22 748
-
unemployment
387
-
353
-
other
25
-
23
-
pensions
1 176
-
1 069
-
income
5 227
-
4 587
-
total
6 815
-
6 032
-
Employer
25 026
-
22 748
-
other
201
-
182
-
accident
496
-
450
-
pensions
5 906
-
5 368
-
unemployment
1 377
-
1 251
-
total
7 980
-
7 251
-
Corporate
-
30 000
-
-
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.

-
4 500
-
-
total
-
4 500
-
-
Dividends
-
25 500
-
-
withholding
-
5 237
-
-
total
-
5 237
-
-
Income
30 000
30 000
30 000
30 000
Total tax
14 795
9 737
13 283
13 495
After tax
15 205
20 263
16 717
16 505
Living cost
18 211
18 211
18 211
18 211
Free-cash
-3 006
2 052
-1 494
-1 706

Estimated living cost  is ₴18211 per week

₴13079
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
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.
₴3460
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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