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
₴9151
₴13108
₴6685
₴6357
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
-
-
-
326
income
-
-
-
7 959
pensions
-
-
-
13 159
accident
-
-
-
418
total
-
-
-
21 908
Employee
25 058
-
35 259
-
unemployment
388
-
546
-
other
25
-
35
-
pensions
1 178
-
1 657
-
income
5 234
-
8 100
-
total
6 825
-
10 338
-
Employer
25 058
-
35 259
-
other
201
-
283
-
accident
496
-
698
-
pensions
5 914
-
8 321
-
unemployment
1 378
-
1 940
-
total
7 989
-
11 242
-
Corporate
13 453
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.

2 017
6 975
-
-
total
2 017
6 975
-
-
Dividends
11 435
39 525
-
-
withholding
2 283
8 182
-
-
total
2 283
8 182
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 114
15 157
21 580
21 908
After tax
27 386
31 343
24 920
24 592
Living cost
18 235
18 235
18 235
18 235
Free-cash
9 151
13 108
6 685
6 357

Estimated living cost  is ₴18235 per week

₴13095
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴3465
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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