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
₴ 56500
per

Your estimated
City
free-cash

Madrid , Spain
₴11016
₴12076
₴19488
₴15458
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
-
-
-
56 500
accident
-
-
-
441
income
-
-
-
11 158
unemployment
-
-
-
343
other
-
-
-
49
pensions
-
-
-
13 861
total
-
-
-
25 852
Employee
25 521
-
42 842
-
income
5 330
-
10 534
-
pensions
1 199
-
2 014
-
unemployment
395
-
664
-
other
25
-
43
-
total
6 949
-
13 255
-
Employer
25 521
-
42 842
-
other
205
-
342
-
unemployment
1 404
-
2 357
-
pensions
6 023
-
10 110
-
accident
505
-
848
-
total
8 137
-
13 657
-
Corporate
22 842
56 500
-
-
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.

3 427
8 475
-
-
total
3 427
8 475
-
-
Dividends
19 416
48 025
-
-
withholding
3 957
9 965
-
-
total
3 957
9 965
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 470
18 440
26 912
25 852
After tax
34 030
38 060
29 588
30 648
Living cost
18 572
18 572
18 572
18 572
Free-cash
15 458
19 488
11 016
12 076

Estimated living cost  is ₴18572 per week

₴13337
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1444
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
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.
₴3529
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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