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
₴13268
₴6832
₴9347
₴6500
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
income
-
-
-
7 975
pensions
-
-
-
13 159
unemployment
-
-
-
326
other
-
-
-
47
accident
-
-
-
419
total
-
-
-
21 926
Employee
24 837
-
35 259
-
unemployment
385
-
547
-
income
5 188
-
8 115
-
pensions
1 167
-
1 657
-
other
24
-
35
-
total
6 764
-
10 354
-
Employer
24 837
-
35 259
-
unemployment
1 366
-
1 939
-
pensions
5 861
-
8 321
-
accident
492
-
698
-
other
199
-
282
-
total
7 918
-
11 240
-
Corporate
13 744
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.

2 061
6 975
-
-
total
2 061
6 975
-
-
Dividends
11 683
39 525
-
-
withholding
2 336
8 183
-
-
total
2 336
8 183
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 079
15 158
21 594
21 926
After tax
27 421
31 342
24 906
24 574
Living cost
18 074
18 074
18 074
18 074
Free-cash
9 347
13 268
6 832
6 500

Estimated living cost  is ₴18074 per week

₴12980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3434
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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Estimated living cost

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