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
₴ 52500
per

Your estimated
City
free-cash

Madrid , Spain
₴9665
₴17370
₴10279
₴13463
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
-
-
-
52 500
other
-
-
-
48
accident
-
-
-
428
income
-
-
-
9 977
pensions
-
-
-
13 435
unemployment
-
-
-
332
total
-
-
-
24 220
Employee
24 737
-
39 808
-
income
5 167
-
9 616
-
other
24
-
40
-
pensions
1 163
-
1 871
-
unemployment
383
-
617
-
total
6 737
-
12 144
-
Employer
24 737
-
39 808
-
other
198
-
319
-
unemployment
1 361
-
2 189
-
accident
490
-
788
-
pensions
5 838
-
9 394
-
total
7 887
-
12 690
-
Corporate
19 876
52 500
-
-
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.

2 981
7 875
-
-
total
2 981
7 875
-
-
Dividends
16 895
44 625
-
-
withholding
3 431
9 254
-
-
total
3 431
9 254
-
-
Income
52 500
52 500
52 500
52 500
Total tax
21 036
17 129
24 834
24 220
After tax
31 464
35 371
27 666
28 280
Living cost
18 001
18 001
18 001
18 001
Free-cash
13 463
17 370
9 665
10 279

Estimated living cost  is ₴18001 per week

₴12928
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
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.
₴3420
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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