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
₴ 57000
per

Your estimated
City
free-cash

Madrid , Spain
₴16323
₴20259
₴11574
₴12944
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
-
-
-
57 000
other
-
-
-
48
unemployment
-
-
-
335
income
-
-
-
11 572
pensions
-
-
-
13 535
accident
-
-
-
431
total
-
-
-
25 921
Employee
24 920
-
43 221
-
unemployment
386
-
670
-
other
24
-
43
-
pensions
1 171
-
2 031
-
income
5 205
-
10 767
-
total
6 786
-
13 511
-
Employer
24 920
-
43 221
-
other
200
-
346
-
accident
494
-
856
-
pensions
5 881
-
10 200
-
unemployment
1 371
-
2 378
-
total
7 946
-
13 780
-
Corporate
24 134
57 000
-
-
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.

3 620
8 550
-
-
total
3 620
8 550
-
-
Dividends
20 514
48 450
-
-
withholding
4 190
10 056
-
-
total
4 190
10 056
-
-
Income
57 000
57 000
57 000
57 000
Total tax
22 542
18 606
27 291
25 921
After tax
34 458
38 394
29 709
31 079
Living cost
18 135
18 135
18 135
18 135
Free-cash
16 323
20 259
11 574
12 944

Estimated living cost  is ₴18135 per week

₴13023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3446
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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