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
₴ 79000
per

Your estimated
City
free-cash

Madrid , Spain
₴31116
₴34682
₴24184
₴26348
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
-
-
-
79 000
other
-
-
-
48
unemployment
-
-
-
335
income
-
-
-
20 197
pensions
-
-
-
13 523
accident
-
-
-
430
total
-
-
-
34 533
Employee
24 899
-
63 766
-
unemployment
385
-
741
-
other
24
-
48
-
pensions
1 170
-
2 246
-
income
5 201
-
18 427
-
total
6 780
-
21 462
-
Employer
24 899
-
63 766
-
other
200
-
383
-
accident
493
-
946
-
pensions
5 876
-
11 278
-
unemployment
1 370
-
2 628
-
total
7 939
-
15 235
-
Corporate
46 162
79 000
-
-
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.

6 924
11 850
-
-
total
6 924
11 850
-
-
Dividends
39 238
67 150
-
-
withholding
8 122
14 349
-
-
total
8 122
14 349
-
-
Income
79 000
79 000
79 000
79 000
Total tax
29 765
26 199
36 697
34 533
After tax
49 235
52 801
42 303
44 467
Living cost
18 119
18 119
18 119
18 119
Free-cash
31 116
34 682
24 184
26 348

Estimated living cost  is ₴18119 per week

₴13012
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3443
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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