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
₴12231
₴21232
₴13866
₴17308
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
other
-
-
-
48
accident
-
-
-
431
income
-
-
-
12 117
pensions
-
-
-
13 549
unemployment
-
-
-
335
total
-
-
-
26 480
Employee
24 947
-
44 357
-
income
5 210
-
11 157
-
other
25
-
44
-
pensions
1 172
-
2 085
-
unemployment
386
-
687
-
total
6 793
-
13 973
-
Employer
24 947
-
44 357
-
other
200
-
356
-
unemployment
1 372
-
2 440
-
accident
494
-
878
-
pensions
5 887
-
10 468
-
total
7 953
-
14 142
-
Corporate
25 600
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.

3 840
8 775
-
-
total
3 840
8 775
-
-
Dividends
21 760
49 725
-
-
withholding
4 452
10 339
-
-
total
4 452
10 339
-
-
Income
58 500
58 500
58 500
58 500
Total tax
23 038
19 114
28 115
26 480
After tax
35 462
39 386
30 385
32 020
Living cost
18 154
18 154
18 154
18 154
Free-cash
17 308
21 232
12 231
13 866

Estimated living cost  is ₴18154 per week

₴13037
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
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.
₴3449
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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