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
₴26705
₴34983
₴31589
₴24623
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
pensions
-
-
-
13 023
other
-
-
-
46
unemployment
-
-
-
322
accident
-
-
-
415
income
-
-
-
20 539
total
-
-
-
34 345
Employee
23 979
-
63 829
-
pensions
1 127
-
2 163
-
other
24
-
46
-
unemployment
371
-
713
-
income
5 008
-
18 834
-
total
6 530
-
21 756
-
Employer
23 979
-
63 829
-
pensions
5 659
-
10 861
-
other
192
-
368
-
unemployment
1 319
-
2 531
-
accident
475
-
911
-
total
7 645
-
14 671
-
Corporate
46 876
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.

7 032
11 775
-
-
total
7 032
11 775
-
-
Dividends
39 844
66 725
-
-
withholding
8 254
14 292
-
-
total
8 254
14 292
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 461
26 067
36 427
34 345
After tax
49 039
52 433
42 073
44 155
Living cost
17 450
17 450
17 450
17 450
Free-cash
31 589
34 983
24 623
26 705

Estimated living cost  is ₴17450 per week

₴12532
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
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.
₴3316
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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