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
₴16203
₴20099
₴11488
₴12853
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
-
-
-
48
income
-
-
-
11 481
unemployment
-
-
-
332
pensions
-
-
-
13 402
accident
-
-
-
427
total
-
-
-
25 690
Employee
24 676
-
42 842
-
other
24
-
43
-
unemployment
382
-
664
-
pensions
1 160
-
2 014
-
income
5 154
-
10 677
-
total
6 720
-
13 398
-
Employer
24 676
-
42 842
-
other
198
-
342
-
accident
489
-
848
-
unemployment
1 357
-
2 356
-
pensions
5 823
-
10 111
-
total
7 867
-
13 657
-
Corporate
23 956
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.

3 593
8 475
-
-
total
3 593
8 475
-
-
Dividends
20 363
48 025
-
-
withholding
4 160
9 969
-
-
total
4 160
9 969
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 340
18 444
27 055
25 690
After tax
34 160
38 056
29 445
30 810
Living cost
17 957
17 957
17 957
17 957
Free-cash
16 203
20 099
11 488
12 853

Estimated living cost  is ₴17957 per week

₴12896
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3412
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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