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
₴8733
₴12645
₴6378
₴6055
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
other
-
-
-
46
unemployment
-
-
-
318
income
-
-
-
7 769
pensions
-
-
-
12 877
accident
-
-
-
410
total
-
-
-
21 420
Employee
24 770
-
34 501
-
unemployment
383
-
534
-
other
24
-
34
-
pensions
1 164
-
1 622
-
income
5 174
-
7 908
-
total
6 745
-
10 098
-
Employer
24 770
-
34 501
-
other
199
-
276
-
accident
491
-
683
-
pensions
5 846
-
8 142
-
unemployment
1 363
-
1 898
-
total
7 899
-
10 999
-
Corporate
12 832
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.

1 925
6 825
-
-
total
1 925
6 825
-
-
Dividends
10 907
38 675
-
-
withholding
2 173
8 005
-
-
total
2 173
8 005
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 742
14 830
21 097
21 420
After tax
26 758
30 670
24 403
24 080
Living cost
18 025
18 025
18 025
18 025
Free-cash
8 733
12 645
6 378
6 055

Estimated living cost  is ₴18025 per week

₴12945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3425
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.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close