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
₴8422
₴5825
₴12390
₴6147
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
accident
-
-
-
410
unemployment
-
-
-
319
pensions
-
-
-
12 876
other
-
-
-
45
income
-
-
-
7 744
total
-
-
-
21 394
Employee
25 122
-
34 501
-
pensions
1 181
-
1 622
-
other
25
-
35
-
income
5 247
-
7 882
-
unemployment
389
-
535
-
total
6 842
-
10 074
-
Employer
25 122
-
34 501
-
accident
498
-
683
-
other
201
-
276
-
unemployment
1 382
-
1 897
-
pensions
5 929
-
8 142
-
total
8 010
-
10 998
-
Corporate
12 368
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.

1 855
6 825
-
-
total
1 855
6 825
-
-
Dividends
10 513
38 675
-
-
withholding
2 090
8 004
-
-
total
2 090
8 004
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 797
14 829
21 072
21 394
After tax
26 703
30 671
24 428
24 106
Living cost
18 281
18 281
18 281
18 281
Free-cash
8 422
12 390
6 147
5 825

Estimated living cost  is ₴18281 per week

₴13129
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3474
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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