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
₴11361
₴19936
₴12646
₴16003
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
income
-
-
-
11 394
pensions
-
-
-
13 525
other
-
-
-
48
unemployment
-
-
-
335
accident
-
-
-
431
total
-
-
-
25 733
Employee
24 902
-
42 841
-
unemployment
386
-
664
-
pensions
1 170
-
2 014
-
other
24
-
43
-
income
5 201
-
10 639
-
total
6 781
-
13 360
-
Employer
24 902
-
42 841
-
accident
493
-
848
-
other
200
-
343
-
unemployment
1 370
-
2 356
-
pensions
5 877
-
10 111
-
total
7 940
-
13 658
-
Corporate
23 658
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.

3 549
8 475
-
-
total
3 549
8 475
-
-
Dividends
20 109
48 025
-
-
withholding
4 106
9 968
-
-
total
4 106
9 968
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 376
18 443
27 018
25 733
After tax
34 124
38 057
29 482
30 767
Living cost
18 121
18 121
18 121
18 121
Free-cash
16 003
19 936
11 361
12 646

Estimated living cost  is ₴18121 per week

₴13014
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3443
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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