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
₴12180
₴15557
₴11078
₴19570
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
pensions
-
-
-
13 800
income
-
-
-
11 201
accident
-
-
-
439
unemployment
-
-
-
341
total
-
-
-
25 830
Employee
25 409
-
42 842
-
pensions
1 194
-
2 014
-
income
5 307
-
10 553
-
other
25
-
43
-
unemployment
393
-
664
-
total
6 919
-
13 274
-
Employer
25 409
-
42 842
-
pensions
5 996
-
10 111
-
other
204
-
342
-
unemployment
1 398
-
2 356
-
accident
503
-
849
-
total
8 101
-
13 658
-
Corporate
22 990
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.

3 449
8 475
-
-
total
3 449
8 475
-
-
Dividends
19 541
48 025
-
-
withholding
3 984
9 965
-
-
total
3 984
9 965
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 453
18 440
26 932
25 830
After tax
34 047
38 060
29 568
30 670
Living cost
18 490
18 490
18 490
18 490
Free-cash
15 557
19 570
11 078
12 180

Estimated living cost  is ₴18490 per week

₴13279
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴261
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.
₴3513
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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