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
₴ 80000
per

Your estimated
City
free-cash

Madrid , Spain
₴38218
₴35417
₴29792
₴27995
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
-
-
-
80 000
accident
-
-
-
358
income
-
-
-
23 246
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
35 156
Employee
20 684
-
67 345
-
other
20
-
40
-
income
4 320
-
21 776
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
24 297
-
Employer
20 684
-
67 345
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 881
-
9 369
-
total
6 595
-
12 656
-
Corporate
52 721
80 000
-
-
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.

7 908
12 000
-
-
total
7 908
12 000
-
-
Dividends
44 813
68 000
-
-
withholding
9 396
14 730
-
-
total
9 396
14 730
-
-
Income
80 000
80 000
80 000
80 000
Total tax
29 531
26 730
36 953
35 156
After tax
50 469
53 270
43 047
44 844
Living cost
15 052
15 052
15 052
15 052
Free-cash
35 417
38 218
27 995
29 792

Estimated living cost  is ₴15052 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
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.
₴2860
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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