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
₴29665
₴23051
₴33090
₴25125
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
-
-
-
413
income
-
-
-
19 253
pensions
-
-
-
12 967
other
-
-
-
46
unemployment
-
-
-
321
total
-
-
-
33 000
Employee
23 876
-
60 892
-
unemployment
370
-
710
-
pensions
1 122
-
2 154
-
income
4 987
-
17 556
-
other
23
-
46
-
total
6 502
-
20 466
-
Employer
23 876
-
60 892
-
pensions
5 635
-
10 814
-
other
191
-
367
-
unemployment
1 313
-
2 520
-
accident
473
-
907
-
total
7 612
-
14 608
-
Corporate
44 012
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.

6 602
11 325
-
-
total
6 602
11 325
-
-
Dividends
37 410
64 175
-
-
withholding
7 744
13 710
-
-
total
7 744
13 710
-
-
Income
75 500
75 500
75 500
75 500
Total tax
28 460
25 035
35 074
33 000
After tax
47 040
50 465
40 426
42 500
Living cost
17 375
17 375
17 375
17 375
Free-cash
29 665
33 090
23 051
25 125

Estimated living cost  is ₴17375 per week

₴12478
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3301
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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