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
₴ 54000
per

Your estimated
City
free-cash

Madrid , Spain
₴14900
₴18729
₴10608
₴11674
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
-
-
-
54 000
other
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
10 718
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
24 680
Employee
24 250
-
40 945
-
unemployment
375
-
635
-
other
24
-
41
-
pensions
1 140
-
1 925
-
income
5 065
-
10 091
-
total
6 604
-
12 692
-
Employer
24 250
-
40 945
-
other
194
-
328
-
accident
480
-
811
-
pensions
5 723
-
9 663
-
unemployment
1 334
-
2 252
-
total
7 731
-
13 054
-
Corporate
22 019
54 000
-
-
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.

3 303
8 100
-
-
total
3 303
8 100
-
-
Dividends
18 716
45 900
-
-
withholding
3 816
9 525
-
-
total
3 816
9 525
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 454
17 625
25 746
24 680
After tax
32 546
36 375
28 254
29 320
Living cost
17 646
17 646
17 646
17 646
Free-cash
14 900
18 729
10 608
11 674

Estimated living cost  is ₴17646 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
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.
₴3353
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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