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
₴1517
₴6051
₴1265
₴2103
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
other
-
-
-
36
accident
-
-
-
320
income
-
-
-
5 682
pensions
-
-
-
10 046
unemployment
-
-
-
248
total
-
-
-
16 332
Employee
24 602
-
26 918
-
income
5 139
-
5 789
-
other
24
-
27
-
pensions
1 156
-
1 265
-
unemployment
381
-
418
-
total
6 700
-
7 499
-
Employer
24 602
-
26 918
-
other
197
-
216
-
unemployment
1 353
-
1 480
-
accident
487
-
533
-
pensions
5 806
-
6 352
-
total
7 843
-
8 581
-
Corporate
3 054
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.

458
5 325
-
-
total
458
5 325
-
-
Dividends
2 595
30 175
-
-
withholding
493
6 221
-
-
total
493
6 221
-
-
Income
35 500
35 500
35 500
35 500
Total tax
15 494
11 546
16 080
16 332
After tax
20 006
23 954
19 420
19 168
Living cost
17 903
17 903
17 903
17 903
Free-cash
2 103
6 051
1 517
1 265

Estimated living cost  is ₴17903 per week

₴12857
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1392
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
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.
₴3402
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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