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
₴6495
₴9345
₴6827
₴13326
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
pensions
-
-
-
13 301
income
-
-
-
8 052
accident
-
-
-
423
unemployment
-
-
-
329
total
-
-
-
22 152
Employee
25 221
-
35 638
-
pensions
1 185
-
1 675
-
income
5 268
-
8 195
-
other
25
-
36
-
unemployment
390
-
552
-
total
6 868
-
10 458
-
Employer
25 221
-
35 638
-
pensions
5 952
-
8 411
-
other
202
-
285
-
unemployment
1 387
-
1 960
-
accident
499
-
706
-
total
8 040
-
11 362
-
Corporate
13 738
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.

2 060
7 050
-
-
total
2 060
7 050
-
-
Dividends
11 678
39 950
-
-
withholding
2 334
8 271
-
-
total
2 334
8 271
-
-
Income
47 000
47 000
47 000
47 000
Total tax
19 302
15 321
21 820
22 152
After tax
27 698
31 679
25 180
24 848
Living cost
18 353
18 353
18 353
18 353
Free-cash
9 345
13 326
6 827
6 495

Estimated living cost  is ₴18353 per week

₴13180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3487
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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