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
₴ 43500
per

Your estimated
City
free-cash

Madrid , Spain
₴14219
₴10944
₴8296
₴7874
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
-
-
-
43 500
accident
-
-
-
359
income
-
-
-
8 175
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
20 115
Employee
20 736
-
32 984
-
other
20
-
33
-
income
4 331
-
7 927
-
pensions
974
-
1 551
-
unemployment
321
-
511
-
total
5 646
-
10 022
-
Employer
20 736
-
32 984
-
accident
411
-
653
-
other
166
-
264
-
unemployment
1 141
-
1 814
-
pensions
4 894
-
7 784
-
total
6 612
-
10 515
-
Corporate
16 153
43 500
-
-
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.

2 423
6 525
-
-
total
2 423
6 525
-
-
Dividends
13 730
36 975
-
-
withholding
2 786
7 667
-
-
total
2 786
7 667
-
-
Income
43 500
43 500
43 500
43 500
Total tax
17 467
14 192
20 537
20 115
After tax
26 033
29 308
22 963
23 385
Living cost
15 089
15 089
15 089
15 089
Free-cash
10 944
14 219
7 874
8 296

Estimated living cost  is ₴15089 per week

₴10837
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
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.
₴2867
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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