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
₴29706
₴23088
₴33123
₴25158
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
-
-
-
412
income
-
-
-
19 281
pensions
-
-
-
12 942
other
-
-
-
46
unemployment
-
-
-
320
total
-
-
-
33 001
Employee
23 830
-
60 920
-
unemployment
369
-
709
-
pensions
1 120
-
2 150
-
income
4 977
-
17 587
-
other
23
-
46
-
total
6 489
-
20 492
-
Employer
23 830
-
60 920
-
pensions
5 624
-
10 793
-
other
191
-
366
-
unemployment
1 311
-
2 515
-
accident
472
-
905
-
total
7 598
-
14 579
-
Corporate
44 072
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.

6 611
11 325
-
-
total
6 611
11 325
-
-
Dividends
37 462
64 175
-
-
withholding
7 755
13 711
-
-
total
7 755
13 711
-
-
Income
75 500
75 500
75 500
75 500
Total tax
28 453
25 036
35 071
33 001
After tax
47 047
50 464
40 429
42 499
Living cost
17 341
17 341
17 341
17 341
Free-cash
29 706
33 123
23 088
25 158

Estimated living cost  is ₴17341 per week

₴12454
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1348
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
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.
₴3295
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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