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
₴ 58500
per

Your estimated
City
free-cash

Madrid , Spain
₴14801
₴21927
₴18203
₴12801
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
-
-
-
58 500
pensions
-
-
-
12 997
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
414
income
-
-
-
12 506
total
-
-
-
26 285
Employee
23 930
-
44 359
-
pensions
1 125
-
2 085
-
other
24
-
44
-
unemployment
370
-
687
-
income
4 998
-
11 329
-
total
6 517
-
14 145
-
Employer
23 930
-
44 359
-
pensions
5 647
-
10 468
-
other
192
-
354
-
unemployment
1 316
-
2 440
-
accident
474
-
878
-
total
7 629
-
14 140
-
Corporate
26 940
58 500
-
-
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.

4 041
8 775
-
-
total
4 041
8 775
-
-
Dividends
22 899
49 725
-
-
withholding
4 696
10 384
-
-
total
4 696
10 384
-
-
Income
58 500
58 500
58 500
58 500
Total tax
22 883
19 159
28 285
26 285
After tax
35 617
39 341
30 215
32 215
Living cost
17 414
17 414
17 414
17 414
Free-cash
18 203
21 927
12 801
14 801

Estimated living cost  is ₴17414 per week

₴12506
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1354
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3309
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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