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
₴19094
₴10891
₴12138
₴15345
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
-
-
-
411
income
-
-
-
10 911
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 896
total
-
-
-
24 583
Employee
23 744
-
40 947
-
other
23
-
41
-
unemployment
368
-
634
-
pensions
1 116
-
1 925
-
income
4 959
-
10 177
-
total
6 466
-
12 777
-
Employer
23 744
-
40 947
-
pensions
5 604
-
9 663
-
accident
470
-
811
-
unemployment
1 306
-
2 252
-
other
190
-
327
-
total
7 570
-
13 053
-
Corporate
22 686
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.

3 403
8 100
-
-
total
3 403
8 100
-
-
Dividends
19 283
45 900
-
-
withholding
3 937
9 527
-
-
total
3 937
9 527
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 376
17 627
25 830
24 583
After tax
32 624
36 373
28 170
29 417
Living cost
17 279
17 279
17 279
17 279
Free-cash
15 345
19 094
10 891
12 138

Estimated living cost  is ₴17279 per week

₴12409
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1344
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
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.
₴3283
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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