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
₴19145
₴10931
₴12203
₴15405
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
-
-
-
409
income
-
-
-
10 938
other
-
-
-
46
unemployment
-
-
-
318
pensions
-
-
-
12 858
total
-
-
-
24 569
Employee
23 675
-
40 945
-
other
23
-
41
-
unemployment
367
-
634
-
pensions
1 113
-
1 925
-
income
4 945
-
10 189
-
total
6 448
-
12 789
-
Employer
23 675
-
40 945
-
pensions
5 587
-
9 663
-
accident
469
-
810
-
unemployment
1 302
-
2 252
-
other
190
-
327
-
total
7 548
-
13 052
-
Corporate
22 777
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.

3 417
8 100
-
-
total
3 417
8 100
-
-
Dividends
19 360
45 900
-
-
withholding
3 954
9 527
-
-
total
3 954
9 527
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 367
17 627
25 841
24 569
After tax
32 633
36 373
28 159
29 431
Living cost
17 228
17 228
17 228
17 228
Free-cash
15 405
19 145
10 931
12 203

Estimated living cost  is ₴17228 per week

₴12373
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1340
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3274
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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