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
₴ 46000
per

Your estimated
City
free-cash

Madrid , Spain
₴9667
₴13472
₴7069
₴6745
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
-
-
-
46 000
other
-
-
-
46
unemployment
-
-
-
322
income
-
-
-
7 924
pensions
-
-
-
13 018
accident
-
-
-
414
total
-
-
-
21 724
Employee
24 091
-
34 879
-
unemployment
373
-
541
-
other
24
-
35
-
pensions
1 132
-
1 640
-
income
5 032
-
8 063
-
total
6 561
-
10 279
-
Employer
24 091
-
34 879
-
other
193
-
279
-
accident
477
-
691
-
pensions
5 685
-
8 232
-
unemployment
1 325
-
1 919
-
total
7 680
-
11 121
-
Corporate
14 228
46 000
-
-
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.

2 135
6 900
-
-
total
2 135
6 900
-
-
Dividends
12 093
39 100
-
-
withholding
2 426
8 097
-
-
total
2 426
8 097
-
-
Income
46 000
46 000
46 000
46 000
Total tax
18 802
14 997
21 400
21 724
After tax
27 198
31 003
24 600
24 276
Living cost
17 531
17 531
17 531
17 531
Free-cash
9 667
13 472
7 069
6 745

Estimated living cost  is ₴17531 per week

₴12590
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
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.
₴3331
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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