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
₴ 75500
per

Your estimated
City
free-cash

Madrid , Spain
₴28907
₴32501
₴22305
₴24533
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
-
-
-
75 500
other
-
-
-
48
unemployment
-
-
-
332
income
-
-
-
18 721
pensions
-
-
-
13 436
accident
-
-
-
428
total
-
-
-
32 965
Employee
24 739
-
60 364
-
unemployment
383
-
736
-
other
24
-
48
-
pensions
1 163
-
2 232
-
income
5 167
-
17 041
-
total
6 737
-
20 057
-
Employer
24 739
-
60 364
-
other
198
-
380
-
accident
490
-
940
-
pensions
5 838
-
11 205
-
unemployment
1 361
-
2 611
-
total
7 887
-
15 136
-
Corporate
42 874
75 500
-
-
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.

6 431
11 325
-
-
total
6 431
11 325
-
-
Dividends
36 443
64 175
-
-
withholding
7 536
13 672
-
-
total
7 536
13 672
-
-
Income
75 500
75 500
75 500
75 500
Total tax
28 591
24 997
35 193
32 965
After tax
46 909
50 503
40 307
42 535
Living cost
18 002
18 002
18 002
18 002
Free-cash
28 907
32 501
22 305
24 533

Estimated living cost  is ₴18002 per week

₴12928
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.
₴3421
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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