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
₴ 65500
per

Your estimated
City
free-cash

Madrid , Spain
₴28727
₴25762
₴21815
₴20020
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
-
-
-
65 500
accident
-
-
-
358
income
-
-
-
16 721
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
28 632
Employee
20 686
-
52 844
-
other
20
-
40
-
income
4 320
-
15 250
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
17 771
-
Employer
20 686
-
52 844
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
38 219
65 500
-
-
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.

5 733
9 825
-
-
total
5 733
9 825
-
-
Dividends
32 487
55 675
-
-
withholding
6 724
11 895
-
-
total
6 724
11 895
-
-
Income
65 500
65 500
65 500
65 500
Total tax
24 685
21 720
30 427
28 632
After tax
40 815
43 780
35 073
36 868
Living cost
15 053
15 053
15 053
15 053
Free-cash
25 762
28 727
20 020
21 815

Estimated living cost  is ₴15053 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
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.
₴2860
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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