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
₴ 80500
per

Your estimated
City
free-cash

Madrid , Spain
₴35456
₴24773
₴31855
₴26962
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
-
-
-
80 500
accident
-
-
-
436
unemployment
-
-
-
339
pensions
-
-
-
13 689
other
-
-
-
49
income
-
-
-
20 684
total
-
-
-
35 197
Employee
25 204
-
65 079
-
pensions
1 184
-
2 274
-
income
5 264
-
18 892
-
unemployment
390
-
750
-
other
25
-
49
-
total
6 863
-
21 965
-
Employer
25 204
-
65 079
-
other
202
-
387
-
unemployment
1 386
-
2 660
-
accident
499
-
958
-
pensions
5 948
-
11 416
-
total
8 035
-
15 421
-
Corporate
47 260
80 500
-
-
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.

7 089
12 075
-
-
total
7 089
12 075
-
-
Dividends
40 171
68 425
-
-
withholding
8 317
14 628
-
-
total
8 317
14 628
-
-
Income
80 500
80 500
80 500
80 500
Total tax
30 304
26 703
37 386
35 197
After tax
50 196
53 797
43 114
45 303
Living cost
18 341
18 341
18 341
18 341
Free-cash
31 855
35 456
24 773
26 962

Estimated living cost  is ₴18341 per week

₴13172
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3485
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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