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
₴31300
₴28391
₴23972
₴22170
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
accident
-
-
-
359
income
-
-
-
18 479
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
30 427
Employee
20 751
-
56 804
-
other
20
-
40
-
income
4 334
-
17 004
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 650
-
19 533
-
Employer
20 751
-
56 804
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 142
-
2 190
-
pensions
4 897
-
9 399
-
total
6 616
-
12 696
-
Corporate
42 133
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.

6 320
10 425
-
-
total
6 320
10 425
-
-
Dividends
35 813
59 075
-
-
withholding
7 422
12 674
-
-
total
7 422
12 674
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 008
23 099
32 229
30 427
After tax
43 492
46 401
37 271
39 073
Living cost
15 101
15 101
15 101
15 101
Free-cash
28 391
31 300
22 170
23 972

Estimated living cost  is ₴15101 per week

₴10845
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
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.
₴2869
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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