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
₴18783
₴10649
₴11741
₴14965
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
-
-
-
418
income
-
-
-
10 747
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
24 667
Employee
24 175
-
40 946
-
other
24
-
41
-
unemployment
374
-
635
-
pensions
1 136
-
1 925
-
income
5 049
-
10 105
-
total
6 583
-
12 706
-
Employer
24 175
-
40 946
-
pensions
5 705
-
9 663
-
accident
479
-
810
-
unemployment
1 330
-
2 252
-
other
194
-
328
-
total
7 708
-
13 053
-
Corporate
22 118
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.

3 318
8 100
-
-
total
3 318
8 100
-
-
Dividends
18 800
45 900
-
-
withholding
3 834
9 525
-
-
total
3 834
9 525
-
-
Income
54 000
54 000
54 000
54 000
Total tax
21 443
17 625
25 759
24 667
After tax
32 557
36 375
28 241
29 333
Living cost
17 592
17 592
17 592
17 592
Free-cash
14 965
18 783
10 649
11 741

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
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.
₴3343
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.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close