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
₴ 69500
per

Your estimated
City
free-cash

Madrid , Spain
₴24872
₴28569
₴18517
₴20979
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
-
-
-
69 500
other
-
-
-
48
income
-
-
-
16 264
unemployment
-
-
-
333
pensions
-
-
-
13 440
accident
-
-
-
428
total
-
-
-
30 513
Employee
24 747
-
54 359
-
other
24
-
48
-
unemployment
383
-
736
-
pensions
1 163
-
2 233
-
income
5 169
-
14 817
-
total
6 739
-
17 834
-
Employer
24 747
-
54 359
-
other
198
-
380
-
accident
490
-
940
-
unemployment
1 361
-
2 612
-
pensions
5 840
-
11 209
-
total
7 889
-
15 141
-
Corporate
36 863
69 500
-
-
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.

5 529
10 425
-
-
total
5 529
10 425
-
-
Dividends
31 334
59 075
-
-
withholding
6 463
12 498
-
-
total
6 463
12 498
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 620
22 923
32 975
30 513
After tax
42 880
46 577
36 525
38 987
Living cost
18 008
18 008
18 008
18 008
Free-cash
24 872
28 569
18 517
20 979

Estimated living cost  is ₴18008 per week

₴12933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3422
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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