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
₴4989
₴3610
₴8729
₴3337
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
accident
-
-
-
346
income
-
-
-
6 378
pensions
-
-
-
10 896
other
-
-
-
38
unemployment
-
-
-
270
total
-
-
-
17 928
Employee
23 684
-
29 194
-
unemployment
367
-
452
-
pensions
1 113
-
1 372
-
income
4 947
-
6 495
-
other
23
-
29
-
total
6 450
-
8 348
-
Employer
23 684
-
29 194
-
pensions
5 589
-
6 890
-
other
190
-
234
-
unemployment
1 303
-
1 605
-
accident
469
-
578
-
total
7 551
-
9 307
-
Corporate
7 264
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.

1 090
5 775
-
-
total
1 090
5 775
-
-
Dividends
6 175
32 725
-
-
withholding
1 185
6 761
-
-
total
1 185
6 761
-
-
Income
38 500
38 500
38 500
38 500
Total tax
16 276
12 536
17 655
17 928
After tax
22 224
25 964
20 845
20 572
Living cost
17 235
17 235
17 235
17 235
Free-cash
4 989
8 729
3 610
3 337

Estimated living cost  is ₴17235 per week

₴12378
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3275
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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