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
₴32553
₴24587
₴28974
₴22383
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
unemployment
-
-
-
331
other
-
-
-
47
pensions
-
-
-
13 395
accident
-
-
-
426
income
-
-
-
18 767
total
-
-
-
32 966
Employee
24 663
-
60 410
-
unemployment
382
-
734
-
income
5 151
-
17 074
-
other
24
-
47
-
pensions
1 159
-
2 225
-
total
6 716
-
20 080
-
Employer
24 663
-
60 410
-
unemployment
1 357
-
2 603
-
pensions
5 820
-
11 171
-
other
198
-
379
-
accident
488
-
937
-
total
7 863
-
15 090
-
Corporate
42 974
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.

6 446
11 325
-
-
total
6 446
11 325
-
-
Dividends
36 527
64 175
-
-
withholding
7 554
13 675
-
-
total
7 554
13 675
-
-
Income
75 500
75 500
75 500
75 500
Total tax
28 579
25 000
35 170
32 966
After tax
46 921
50 500
40 330
42 534
Living cost
17 947
17 947
17 947
17 947
Free-cash
28 974
32 553
22 383
24 587

Estimated living cost  is ₴17947 per week

₴12889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3410
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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