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
₴ 41500
per

Your estimated
City
free-cash

Madrid , Spain
₴10390
₴4781
₴4485
₴6572
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
-
-
-
41 500
accident
-
-
-
373
income
-
-
-
6 972
other
-
-
-
42
unemployment
-
-
-
291
pensions
-
-
-
11 745
total
-
-
-
19 423
Employee
24 175
-
31 468
-
other
24
-
31
-
unemployment
374
-
487
-
pensions
1 136
-
1 479
-
income
5 049
-
7 098
-
total
6 583
-
9 095
-
Employer
24 175
-
31 468
-
pensions
5 705
-
7 426
-
accident
479
-
623
-
unemployment
1 330
-
1 731
-
other
194
-
252
-
total
7 708
-
10 032
-
Corporate
9 618
41 500
-
-
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.

1 443
6 225
-
-
total
1 443
6 225
-
-
Dividends
8 175
35 275
-
-
withholding
1 602
7 293
-
-
total
1 602
7 293
-
-
Income
41 500
41 500
41 500
41 500
Total tax
17 336
13 518
19 127
19 423
After tax
24 164
27 982
22 373
22 077
Living cost
17 592
17 592
17 592
17 592
Free-cash
6 572
10 390
4 781
4 485

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
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.
₴3343
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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