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
₴ 46500
per

Your estimated
City
free-cash

Madrid , Spain
₴9529
₴13418
₴6966
₴6639
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
-
-
-
46 500
other
-
-
-
46
unemployment
-
-
-
325
income
-
-
-
7 990
pensions
-
-
-
13 159
accident
-
-
-
418
total
-
-
-
21 938
Employee
24 630
-
35 259
-
unemployment
381
-
547
-
other
24
-
35
-
pensions
1 157
-
1 657
-
income
5 144
-
8 131
-
total
6 706
-
10 370
-
Employer
24 630
-
35 259
-
other
197
-
283
-
accident
488
-
698
-
pensions
5 813
-
8 321
-
unemployment
1 355
-
1 939
-
total
7 853
-
11 241
-
Corporate
14 017
46 500
-
-
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.

2 103
6 975
-
-
total
2 103
6 975
-
-
Dividends
11 914
39 525
-
-
withholding
2 386
8 184
-
-
total
2 386
8 184
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 048
15 159
21 611
21 938
After tax
27 452
31 341
24 889
24 562
Living cost
17 923
17 923
17 923
17 923
Free-cash
9 529
13 418
6 966
6 639

Estimated living cost  is ₴17923 per week

₴12872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1394
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3406
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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