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
₴ 47000
per

Your estimated
City
free-cash

Madrid , Spain
₴9835
₴13730
₴7194
₴6861
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
-
-
-
47 000
other
-
-
-
47
unemployment
-
-
-
329
income
-
-
-
8 092
pensions
-
-
-
13 301
accident
-
-
-
423
total
-
-
-
22 192
Employee
24 662
-
35 638
-
unemployment
382
-
552
-
other
24
-
36
-
pensions
1 159
-
1 675
-
income
5 151
-
8 235
-
total
6 716
-
10 498
-
Employer
24 662
-
35 638
-
other
198
-
286
-
accident
488
-
705
-
pensions
5 820
-
8 410
-
unemployment
1 357
-
1 960
-
total
7 863
-
11 361
-
Corporate
14 475
47 000
-
-
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.

2 172
7 050
-
-
total
2 172
7 050
-
-
Dividends
12 303
39 950
-
-
withholding
2 467
8 273
-
-
total
2 467
8 273
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 218
15 323
21 859
22 192
After tax
27 782
31 677
25 141
24 808
Living cost
17 947
17 947
17 947
17 947
Free-cash
9 835
13 730
7 194
6 861

Estimated living cost  is ₴17947 per week

₴12888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
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.
₴3410
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.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close