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
₴19710
₴15730
₴12359
₴11190
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
-
-
-
339
accident
-
-
-
436
income
-
-
-
11 275
pensions
-
-
-
13 694
other
-
-
-
49
total
-
-
-
25 793
Employee
25 213
-
42 842
-
pensions
1 185
-
2 013
-
unemployment
390
-
664
-
income
5 266
-
10 586
-
other
25
-
43
-
total
6 866
-
13 306
-
Employer
25 213
-
42 842
-
pensions
5 950
-
10 110
-
accident
499
-
848
-
other
202
-
342
-
unemployment
1 387
-
2 356
-
total
8 038
-
13 656
-
Corporate
23 248
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.

3 487
8 475
-
-
total
3 487
8 475
-
-
Dividends
19 761
48 025
-
-
withholding
4 031
9 967
-
-
total
4 031
9 967
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 422
18 442
26 962
25 793
After tax
34 078
38 058
29 538
30 707
Living cost
18 348
18 348
18 348
18 348
Free-cash
15 730
19 710
11 190
12 359

Estimated living cost  is ₴18348 per week

₴13176
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
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.
₴3486
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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