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
₴9404
₴13316
₴6875
₴6545
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
-
-
-
47
unemployment
-
-
-
325
income
-
-
-
7 980
pensions
-
-
-
13 159
accident
-
-
-
419
total
-
-
-
21 930
Employee
24 770
-
35 259
-
unemployment
383
-
547
-
other
24
-
35
-
pensions
1 164
-
1 658
-
income
5 174
-
8 121
-
total
6 745
-
10 361
-
Employer
24 770
-
35 259
-
other
199
-
281
-
accident
491
-
698
-
pensions
5 846
-
8 321
-
unemployment
1 363
-
1 939
-
total
7 899
-
11 239
-
Corporate
13 832
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.

2 075
6 975
-
-
total
2 075
6 975
-
-
Dividends
11 757
39 525
-
-
withholding
2 352
8 184
-
-
total
2 352
8 184
-
-
Income
46 500
46 500
46 500
46 500
Total tax
19 071
15 159
21 600
21 930
After tax
27 429
31 341
24 900
24 570
Living cost
18 025
18 025
18 025
18 025
Free-cash
9 404
13 316
6 875
6 545

Estimated living cost  is ₴18025 per week

₴12945
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3425
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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