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
₴19896
₴12596
₴15955
₴11330
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
unemployment
-
-
-
335
other
-
-
-
48
pensions
-
-
-
13 555
accident
-
-
-
432
income
-
-
-
11 372
total
-
-
-
25 742
Employee
24 959
-
42 842
-
unemployment
386
-
664
-
income
5 213
-
10 630
-
other
25
-
43
-
pensions
1 173
-
2 013
-
total
6 797
-
13 350
-
Employer
24 959
-
42 842
-
unemployment
1 373
-
2 357
-
pensions
5 890
-
10 110
-
other
200
-
342
-
accident
494
-
848
-
total
7 957
-
13 657
-
Corporate
23 584
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.

3 537
8 475
-
-
total
3 537
8 475
-
-
Dividends
20 046
48 025
-
-
withholding
4 092
9 967
-
-
total
4 092
9 967
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 383
18 442
27 007
25 742
After tax
34 117
38 058
29 493
30 758
Living cost
18 162
18 162
18 162
18 162
Free-cash
15 955
19 896
11 330
12 596

Estimated living cost  is ₴18162 per week

₴13044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3451
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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