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
₴ 45500
per

Your estimated
City
free-cash

Madrid , Spain
₴6288
₴12545
₴5967
₴8613
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
-
-
-
45 500
income
-
-
-
7 760
pensions
-
-
-
12 876
other
-
-
-
45
unemployment
-
-
-
318
accident
-
-
-
409
total
-
-
-
21 408
Employee
24 907
-
34 500
-
unemployment
386
-
534
-
pensions
1 170
-
1 622
-
other
24
-
34
-
income
5 202
-
7 897
-
total
6 782
-
10 087
-
Employer
24 907
-
34 500
-
accident
493
-
683
-
other
200
-
277
-
unemployment
1 370
-
1 898
-
pensions
5 878
-
8 142
-
total
7 941
-
11 000
-
Corporate
12 652
45 500
-
-
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.

1 898
6 825
-
-
total
1 898
6 825
-
-
Dividends
10 755
38 675
-
-
withholding
2 141
8 005
-
-
total
2 141
8 005
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 762
14 830
21 087
21 408
After tax
26 738
30 670
24 413
24 092
Living cost
18 125
18 125
18 125
18 125
Free-cash
8 613
12 545
6 288
5 967

Estimated living cost  is ₴18125 per week

₴13016
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3444
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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