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
₴ 55500
per

Your estimated
City
free-cash

Madrid , Spain
₴22264
₴19154
₴16013
₴13967
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
-
-
-
55 500
accident
-
-
-
356
income
-
-
-
12 681
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
24 522
Employee
20 565
-
42 918
-
other
20
-
40
-
income
4 295
-
11 479
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
13 986
-
Employer
20 565
-
42 918
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
28 378
55 500
-
-
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.

4 257
8 325
-
-
total
4 257
8 325
-
-
Dividends
24 122
47 175
-
-
withholding
4 969
9 946
-
-
total
4 969
9 946
-
-
Income
55 500
55 500
55 500
55 500
Total tax
21 381
18 271
26 568
24 522
After tax
34 119
37 229
28 932
30 978
Living cost
14 965
14 965
14 965
14 965
Free-cash
19 154
22 264
13 967
16 013

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
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.
₴2844
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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