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
₴6755
₴4918
₴10541
₴4622
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
-
-
-
374
income
-
-
-
6 988
pensions
-
-
-
11 745
other
-
-
-
41
unemployment
-
-
-
290
total
-
-
-
19 438
Employee
23 966
-
31 468
-
unemployment
371
-
488
-
pensions
1 126
-
1 479
-
income
5 006
-
7 113
-
other
24
-
31
-
total
6 527
-
9 111
-
Employer
23 966
-
31 468
-
pensions
5 656
-
7 426
-
other
192
-
251
-
unemployment
1 318
-
1 731
-
accident
475
-
623
-
total
7 641
-
10 031
-
Corporate
9 893
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.

1 484
6 225
-
-
total
1 484
6 225
-
-
Dividends
8 409
35 275
-
-
withholding
1 653
7 294
-
-
total
1 653
7 294
-
-
Income
41 500
41 500
41 500
41 500
Total tax
17 305
13 519
19 142
19 438
After tax
24 195
27 981
22 358
22 062
Living cost
17 440
17 440
17 440
17 440
Free-cash
6 755
10 541
4 918
4 622

Estimated living cost  is ₴17440 per week

₴12525
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1356
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
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.
₴3314
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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Estimated living cost

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