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
₴26157
₴34438
₴30886
₴24004
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
accident
-
-
-
428
other
-
-
-
48
pensions
-
-
-
13 457
unemployment
-
-
-
333
income
-
-
-
20 047
total
-
-
-
34 313
Employee
24 777
-
63 340
-
pensions
1 164
-
2 235
-
unemployment
384
-
737
-
other
24
-
48
-
income
5 175
-
18 285
-
total
6 747
-
21 305
-
Employer
24 777
-
63 340
-
accident
491
-
941
-
pensions
5 847
-
11 223
-
other
199
-
381
-
unemployment
1 363
-
2 615
-
total
7 900
-
15 160
-
Corporate
45 823
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.

6 874
11 775
-
-
total
6 874
11 775
-
-
Dividends
38 949
66 725
-
-
withholding
8 062
14 256
-
-
total
8 062
14 256
-
-
Income
78 500
78 500
78 500
78 500
Total tax
29 583
26 031
36 465
34 313
After tax
48 917
52 469
42 035
44 187
Living cost
18 031
18 031
18 031
18 031
Free-cash
30 886
34 438
24 004
26 157

Estimated living cost  is ₴18031 per week

₴12949
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1402
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3426
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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