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
₴9939
₴10571
₴17865
₴13846
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
accident
-
-
-
440
income
-
-
-
10 262
unemployment
-
-
-
342
other
-
-
-
49
pensions
-
-
-
13 820
total
-
-
-
24 913
Employee
25 445
-
40 946
-
income
5 315
-
9 890
-
pensions
1 196
-
1 925
-
unemployment
394
-
635
-
other
25
-
41
-
total
6 930
-
12 491
-
Employer
25 445
-
40 946
-
other
204
-
328
-
unemployment
1 400
-
2 252
-
pensions
6 005
-
9 663
-
accident
504
-
811
-
total
8 113
-
13 054
-
Corporate
20 442
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.

3 066
8 100
-
-
total
3 066
8 100
-
-
Dividends
17 376
45 900
-
-
withholding
3 529
9 519
-
-
total
3 529
9 519
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 638
17 619
25 545
24 913
After tax
32 362
36 381
28 455
29 087
Living cost
18 516
18 516
18 516
18 516
Free-cash
13 846
17 865
9 939
10 571

Estimated living cost  is ₴18516 per week

₴13298
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1440
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
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.
₴3518
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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Estimated living cost

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