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
₴ 35500
per

Your estimated
City
free-cash

Madrid , Spain
₴6455
₴1883
₴1632
₴2608
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
-
-
-
35 500
accident
-
-
-
319
income
-
-
-
5 721
other
-
-
-
36
unemployment
-
-
-
248
pensions
-
-
-
10 047
total
-
-
-
16 371
Employee
24 044
-
26 918
-
other
24
-
26
-
unemployment
372
-
418
-
pensions
1 130
-
1 265
-
income
5 022
-
5 830
-
total
6 548
-
7 539
-
Employer
24 044
-
26 918
-
pensions
5 674
-
6 353
-
accident
476
-
533
-
unemployment
1 323
-
1 480
-
other
193
-
215
-
total
7 666
-
8 581
-
Corporate
3 790
35 500
-
-
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.

569
5 325
-
-
total
569
5 325
-
-
Dividends
3 221
30 175
-
-
withholding
612
6 223
-
-
total
612
6 223
-
-
Income
35 500
35 500
35 500
35 500
Total tax
15 395
11 548
16 120
16 371
After tax
20 105
23 952
19 380
19 129
Living cost
17 497
17 497
17 497
17 497
Free-cash
2 608
6 455
1 883
1 632

Estimated living cost  is ₴17497 per week

₴12566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
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.
₴3325
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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