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
₴24805
₴35398
₴26959
₴31866
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
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
20 702
pensions
-
-
-
13 475
unemployment
-
-
-
333
total
-
-
-
34 987
Employee
24 810
-
64 820
-
income
5 182
-
18 938
-
other
24
-
48
-
pensions
1 166
-
2 238
-
unemployment
384
-
738
-
total
6 756
-
21 962
-
Employer
24 810
-
64 820
-
other
199
-
381
-
unemployment
1 365
-
2 618
-
accident
491
-
943
-
pensions
5 855
-
11 237
-
total
7 910
-
15 179
-
Corporate
47 280
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.

7 092
12 000
-
-
total
7 092
12 000
-
-
Dividends
40 188
68 000
-
-
withholding
8 322
14 548
-
-
total
8 322
14 548
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 080
26 548
37 141
34 987
After tax
49 920
53 452
42 859
45 013
Living cost
18 054
18 054
18 054
18 054
Free-cash
31 866
35 398
24 805
26 959

Estimated living cost  is ₴18054 per week

₴12966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
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.
₴3431
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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