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
₴24496
₴32465
₴28859
₴22250
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
accident
-
-
-
429
other
-
-
-
48
pensions
-
-
-
13 465
unemployment
-
-
-
333
income
-
-
-
18 688
total
-
-
-
32 963
Employee
24 791
-
60 332
-
pensions
1 165
-
2 237
-
unemployment
384
-
737
-
other
24
-
48
-
income
5 178
-
17 018
-
total
6 751
-
20 040
-
Employer
24 791
-
60 332
-
accident
491
-
942
-
pensions
5 851
-
11 229
-
other
199
-
381
-
unemployment
1 364
-
2 617
-
total
7 905
-
15 169
-
Corporate
42 804
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.

6 421
11 325
-
-
total
6 421
11 325
-
-
Dividends
36 384
64 175
-
-
withholding
7 523
13 669
-
-
total
7 523
13 669
-
-
Income
75 500
75 500
75 500
75 500
Total tax
28 600
24 994
35 209
32 963
After tax
46 900
50 506
40 291
42 537
Living cost
18 041
18 041
18 041
18 041
Free-cash
28 859
32 465
22 250
24 496

Estimated living cost  is ₴18041 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴3428
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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