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
₴29037
₴32604
₴22460
₴24637
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
-
-
-
47
unemployment
-
-
-
330
income
-
-
-
18 813
pensions
-
-
-
13 355
accident
-
-
-
425
total
-
-
-
32 970
Employee
24 589
-
60 455
-
unemployment
381
-
731
-
other
24
-
47
-
pensions
1 156
-
2 218
-
income
5 136
-
17 107
-
total
6 697
-
20 103
-
Employer
24 589
-
60 455
-
other
197
-
378
-
accident
487
-
934
-
pensions
5 803
-
11 137
-
unemployment
1 353
-
2 595
-
total
7 840
-
15 044
-
Corporate
43 071
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.

6 461
11 325
-
-
total
6 461
11 325
-
-
Dividends
36 610
64 175
-
-
withholding
7 572
13 678
-
-
total
7 572
13 678
-
-
Income
75 500
75 500
75 500
75 500
Total tax
28 570
25 003
35 147
32 970
After tax
46 930
50 497
40 353
42 530
Living cost
17 893
17 893
17 893
17 893
Free-cash
29 037
32 604
22 460
24 637

Estimated living cost  is ₴17893 per week

₴12850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
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.
₴3400
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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