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
₴3761
₴5597
₴4055
₴9590
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
other
-
-
-
42
pensions
-
-
-
11 744
income
-
-
-
6 892
accident
-
-
-
374
unemployment
-
-
-
290
total
-
-
-
19 342
Employee
25 281
-
31 469
-
pensions
1 188
-
1 479
-
income
5 280
-
7 019
-
other
25
-
32
-
unemployment
391
-
488
-
total
6 884
-
9 018
-
Employer
25 281
-
31 469
-
pensions
5 966
-
7 426
-
other
203
-
251
-
unemployment
1 391
-
1 730
-
accident
501
-
623
-
total
8 061
-
10 030
-
Corporate
8 159
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.

1 224
6 225
-
-
total
1 224
6 225
-
-
Dividends
6 936
35 275
-
-
withholding
1 337
7 288
-
-
total
1 337
7 288
-
-
Income
41 500
41 500
41 500
41 500
Total tax
17 506
13 513
19 048
19 342
After tax
23 994
27 987
22 452
22 158
Living cost
18 397
18 397
18 397
18 397
Free-cash
5 597
9 590
4 055
3 761

Estimated living cost  is ₴18397 per week

₴13212
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1430
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3496
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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