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
₴ 38500
per

Your estimated
City
free-cash

Madrid , Spain
₴4518
₴8346
₴3263
₴2991
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
-
-
-
38 500
other
-
-
-
38
unemployment
-
-
-
269
income
-
-
-
6 340
pensions
-
-
-
10 895
accident
-
-
-
346
total
-
-
-
17 888
Employee
24 215
-
29 193
-
unemployment
375
-
453
-
other
24
-
29
-
pensions
1 138
-
1 372
-
income
5 058
-
6 456
-
total
6 595
-
8 310
-
Employer
24 215
-
29 193
-
other
194
-
233
-
accident
480
-
578
-
pensions
5 715
-
6 890
-
unemployment
1 332
-
1 605
-
total
7 721
-
9 306
-
Corporate
6 565
38 500
-
-
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.

985
5 775
-
-
total
985
5 775
-
-
Dividends
5 580
32 725
-
-
withholding
1 060
6 758
-
-
total
1 060
6 758
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 361
12 533
17 616
17 888
After tax
22 139
25 967
20 884
20 612
Living cost
17 621
17 621
17 621
17 621
Free-cash
4 518
8 346
3 263
2 991

Estimated living cost  is ₴17621 per week

₴12655
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
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.
₴3348
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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