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
₴9969
₴7295
₴13780
₴7007
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
accident
-
-
-
417
income
-
-
-
8 042
pensions
-
-
-
13 105
other
-
-
-
46
unemployment
-
-
-
324
total
-
-
-
21 934
Employee
24 129
-
35 260
-
unemployment
374
-
546
-
pensions
1 134
-
1 657
-
income
5 040
-
8 167
-
other
24
-
35
-
total
6 572
-
10 405
-
Employer
24 129
-
35 260
-
pensions
5 694
-
8 322
-
other
193
-
282
-
unemployment
1 327
-
1 939
-
accident
478
-
698
-
total
7 692
-
11 241
-
Corporate
14 677
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.

2 202
6 975
-
-
total
2 202
6 975
-
-
Dividends
12 476
39 525
-
-
withholding
2 506
8 186
-
-
total
2 506
8 186
-
-
Income
46 500
46 500
46 500
46 500
Total tax
18 972
15 161
21 646
21 934
After tax
27 528
31 339
24 854
24 566
Living cost
17 559
17 559
17 559
17 559
Free-cash
9 969
13 780
7 295
7 007

Estimated living cost  is ₴17559 per week

₴12610
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1365
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.
₴3336
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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