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
₴ 78500
per

Your estimated
City
free-cash

Madrid , Spain
₴34200
₴30580
₴25917
₴23734
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
-
-
-
78 500
unemployment
-
-
-
338
accident
-
-
-
434
income
-
-
-
19 833
pensions
-
-
-
13 646
other
-
-
-
48
total
-
-
-
34 299
Employee
25 125
-
63 127
-
pensions
1 181
-
2 267
-
unemployment
389
-
747
-
income
5 248
-
18 047
-
other
25
-
48
-
total
6 843
-
21 109
-
Employer
25 125
-
63 127
-
pensions
5 929
-
11 380
-
accident
498
-
955
-
other
201
-
386
-
unemployment
1 382
-
2 652
-
total
8 010
-
15 373
-
Corporate
45 364
78 500
-
-
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.

6 804
11 775
-
-
total
6 804
11 775
-
-
Dividends
38 560
66 725
-
-
withholding
7 979
14 241
-
-
total
7 979
14 241
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 636
26 016
36 482
34 299
After tax
48 864
52 484
42 018
44 201
Living cost
18 284
18 284
18 284
18 284
Free-cash
30 580
34 200
23 734
25 917

Estimated living cost  is ₴18284 per week

₴13131
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1422
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3474
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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