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
₴13621
₴7205
₴6914
₴9849
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
accident
-
-
-
413
income
-
-
-
7 953
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
21 705
Employee
23 884
-
34 881
-
other
23
-
35
-
unemployment
370
-
541
-
pensions
1 122
-
1 640
-
income
4 989
-
8 078
-
total
6 504
-
10 294
-
Employer
23 884
-
34 881
-
pensions
5 637
-
8 232
-
accident
473
-
691
-
unemployment
1 314
-
1 918
-
other
191
-
279
-
total
7 615
-
11 120
-
Corporate
14 501
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.

2 175
6 900
-
-
total
2 175
6 900
-
-
Dividends
12 325
39 100
-
-
withholding
2 476
8 098
-
-
total
2 476
8 098
-
-
Income
46 000
46 000
46 000
46 000
Total tax
18 770
14 998
21 414
21 705
After tax
27 230
31 002
24 586
24 295
Living cost
17 380
17 380
17 380
17 380
Free-cash
9 849
13 621
7 205
6 914

Estimated living cost  is ₴17380 per week

₴12482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3303
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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