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
₴15895
₴19848
₴11294
₴12535
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
unemployment
-
-
-
336
income
-
-
-
11 347
pensions
-
-
-
13 591
accident
-
-
-
433
total
-
-
-
25 755
Employee
25 025
-
42 842
-
unemployment
387
-
664
-
other
25
-
43
-
pensions
1 176
-
2 014
-
income
5 227
-
10 618
-
total
6 815
-
13 339
-
Employer
25 025
-
42 842
-
other
201
-
342
-
accident
496
-
849
-
pensions
5 906
-
10 110
-
unemployment
1 377
-
2 356
-
total
7 980
-
13 657
-
Corporate
23 497
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.

3 524
8 475
-
-
total
3 524
8 475
-
-
Dividends
19 973
48 025
-
-
withholding
4 076
9 967
-
-
total
4 076
9 967
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 395
18 442
26 996
25 755
After tax
34 105
38 058
29 504
30 745
Living cost
18 210
18 210
18 210
18 210
Free-cash
15 895
19 848
11 294
12 535

Estimated living cost  is ₴18210 per week

₴13078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1416
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴3460
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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