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
₴12318
₴6080
₴8332
₴5759
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
-
-
-
409
unemployment
-
-
-
318
pensions
-
-
-
12 877
other
-
-
-
46
income
-
-
-
7 736
total
-
-
-
21 386
Employee
25 224
-
34 500
-
pensions
1 185
-
1 622
-
income
5 268
-
7 874
-
unemployment
391
-
535
-
other
25
-
35
-
total
6 869
-
10 066
-
Employer
25 224
-
34 500
-
other
202
-
277
-
unemployment
1 388
-
1 897
-
accident
500
-
683
-
pensions
5 953
-
8 142
-
total
8 043
-
10 999
-
Corporate
12 234
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.

1 835
6 825
-
-
total
1 835
6 825
-
-
Dividends
10 399
38 675
-
-
withholding
2 065
8 002
-
-
total
2 065
8 002
-
-
Income
45 500
45 500
45 500
45 500
Total tax
18 812
14 827
21 065
21 386
After tax
26 688
30 673
24 435
24 114
Living cost
18 356
18 356
18 356
18 356
Free-cash
8 332
12 318
6 080
5 759

Estimated living cost  is ₴18356 per week

₴13182
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3488
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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