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
₴ 49000
per

Your estimated
City
free-cash

Madrid , Spain
₴17928
₴14680
₴11806
₴10362
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
-
-
-
49 000
accident
-
-
-
358
income
-
-
-
10 230
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
22 141
Employee
20 686
-
37 156
-
other
20
-
37
-
income
4 321
-
9 381
-
pensions
972
-
1 746
-
unemployment
320
-
576
-
total
5 633
-
11 740
-
Employer
20 686
-
37 156
-
accident
410
-
736
-
other
166
-
297
-
unemployment
1 138
-
2 043
-
pensions
4 882
-
8 769
-
total
6 596
-
11 845
-
Corporate
21 719
49 000
-
-
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.

3 258
7 350
-
-
total
3 258
7 350
-
-
Dividends
18 461
41 650
-
-
withholding
3 780
8 669
-
-
total
3 780
8 669
-
-
Income
49 000
49 000
49 000
49 000
Total tax
19 267
16 019
23 585
22 141
After tax
29 733
32 981
25 415
26 859
Living cost
15 053
15 053
15 053
15 053
Free-cash
14 680
17 928
10 362
11 806

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
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.
₴2860
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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