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
₴10562
₴7704
₴14325
₴7642
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
accident
-
-
-
412
income
-
-
-
8 285
pensions
-
-
-
12 947
other
-
-
-
46
unemployment
-
-
-
320
total
-
-
-
22 010
Employee
23 839
-
35 638
-
unemployment
369
-
553
-
pensions
1 120
-
1 675
-
income
4 979
-
8 322
-
other
23
-
36
-
total
6 491
-
10 586
-
Employer
23 839
-
35 638
-
pensions
5 626
-
8 411
-
other
191
-
285
-
unemployment
1 311
-
1 961
-
accident
472
-
705
-
total
7 600
-
11 362
-
Corporate
15 560
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.

2 334
7 050
-
-
total
2 334
7 050
-
-
Dividends
13 226
39 950
-
-
withholding
2 665
8 277
-
-
total
2 665
8 277
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 090
15 327
21 948
22 010
After tax
27 910
31 673
25 052
24 990
Living cost
17 348
17 348
17 348
17 348
Free-cash
10 562
14 325
7 704
7 642

Estimated living cost  is ₴17348 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
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.
₴3296
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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