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
₴ 72500
per

Your estimated
City
free-cash

Madrid , Spain
₴20488
₴30585
₴22932
₴26953
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
-
-
-
72 500
other
-
-
-
47
accident
-
-
-
426
income
-
-
-
17 414
pensions
-
-
-
13 398
unemployment
-
-
-
332
total
-
-
-
31 617
Employee
24 669
-
57 407
-
income
5 152
-
15 961
-
other
24
-
47
-
pensions
1 159
-
2 226
-
unemployment
382
-
734
-
total
6 717
-
18 968
-
Employer
24 669
-
57 407
-
other
198
-
379
-
unemployment
1 357
-
2 604
-
accident
489
-
937
-
pensions
5 822
-
11 173
-
total
7 866
-
15 093
-
Corporate
39 966
72 500
-
-
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.

5 995
10 875
-
-
total
5 995
10 875
-
-
Dividends
33 971
61 625
-
-
withholding
7 018
13 089
-
-
total
7 018
13 089
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 596
23 964
34 061
31 617
After tax
44 904
48 536
38 439
40 883
Living cost
17 951
17 951
17 951
17 951
Free-cash
26 953
30 585
20 488
22 932

Estimated living cost  is ₴17951 per week

₴12892
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3411
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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