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
₴19627
₴11122
₴15627
₴12252
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
accident
-
-
-
438
unemployment
-
-
-
340
pensions
-
-
-
13 758
other
-
-
-
49
income
-
-
-
11 230
total
-
-
-
25 815
Employee
25 331
-
42 843
-
pensions
1 190
-
2 014
-
income
5 291
-
10 567
-
unemployment
392
-
664
-
other
25
-
43
-
total
6 898
-
13 288
-
Employer
25 331
-
42 843
-
other
203
-
342
-
unemployment
1 393
-
2 356
-
accident
502
-
848
-
pensions
5 978
-
10 111
-
total
8 076
-
13 657
-
Corporate
23 093
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.

3 464
8 475
-
-
total
3 464
8 475
-
-
Dividends
19 629
48 025
-
-
withholding
4 002
9 965
-
-
total
4 002
9 965
-
-
Income
56 500
56 500
56 500
56 500
Total tax
22 440
18 440
26 945
25 815
After tax
34 060
38 060
29 555
30 685
Living cost
18 433
18 433
18 433
18 433
Free-cash
15 627
19 627
11 122
12 252

Estimated living cost  is ₴18433 per week

₴13238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3503
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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