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
₴11175
₴12340
₴15709
₴19695
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
other
-
-
-
49
unemployment
-
-
-
339
pensions
-
-
-
13 706
income
-
-
-
11 266
accident
-
-
-
436
total
-
-
-
25 796
Employee
25 236
-
42 843
-
pensions
1 186
-
2 014
-
income
5 271
-
10 583
-
unemployment
391
-
664
-
other
25
-
43
-
total
6 873
-
13 304
-
Employer
25 236
-
42 843
-
other
202
-
342
-
accident
500
-
848
-
pensions
5 956
-
10 111
-
unemployment
1 388
-
2 356
-
total
8 046
-
13 657
-
Corporate
23 218
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.

3 483
8 475
-
-
total
3 483
8 475
-
-
Dividends
19 735
48 025
-
-
withholding
4 025
9 966
-
-
total
4 025
9 966
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 427
18 441
26 961
25 796
After tax
34 073
38 059
29 539
30 704
Living cost
18 364
18 364
18 364
18 364
Free-cash
15 709
19 695
11 175
12 340

Estimated living cost  is ₴18364 per week

₴13189
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3490
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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