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
₴17692
₴28017
₴20237
₴24157
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
pensions
-
-
-
13 879
accident
-
-
-
442
unemployment
-
-
-
343
other
-
-
-
49
income
-
-
-
15 954
total
-
-
-
30 667
Employee
25 555
-
53 865
-
unemployment
396
-
760
-
pensions
1 201
-
2 306
-
other
25
-
49
-
income
5 338
-
14 461
-
total
6 960
-
17 576
-
Employer
25 555
-
53 865
-
pensions
6 031
-
11 575
-
other
205
-
393
-
unemployment
1 406
-
2 697
-
accident
506
-
971
-
total
8 148
-
15 636
-
Corporate
35 797
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.

5 369
10 425
-
-
total
5 369
10 425
-
-
Dividends
30 428
59 075
-
-
withholding
6 270
12 462
-
-
total
6 270
12 462
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 747
22 887
33 212
30 667
After tax
42 753
46 613
36 288
38 833
Living cost
18 596
18 596
18 596
18 596
Free-cash
24 157
28 017
17 692
20 237

Estimated living cost  is ₴18596 per week

₴13355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
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.
₴3534
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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