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
₴32359
₴35847
₴25217
₴27357
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
other
-
-
-
47
income
-
-
-
21 038
unemployment
-
-
-
331
pensions
-
-
-
13 377
accident
-
-
-
426
total
-
-
-
35 219
Employee
24 631
-
65 430
-
other
24
-
47
-
unemployment
381
-
733
-
pensions
1 158
-
2 222
-
income
5 144
-
19 287
-
total
6 707
-
22 289
-
Employer
24 631
-
65 430
-
other
197
-
378
-
accident
488
-
936
-
unemployment
1 355
-
2 600
-
pensions
5 813
-
11 156
-
total
7 853
-
15 070
-
Corporate
48 017
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.

7 202
12 075
-
-
total
7 202
12 075
-
-
Dividends
40 814
68 425
-
-
withholding
8 455
14 654
-
-
total
8 455
14 654
-
-
Income
80 500
80 500
80 500
80 500
Total tax
30 217
26 729
37 359
35 219
After tax
50 283
53 771
43 141
45 281
Living cost
17 924
17 924
17 924
17 924
Free-cash
32 359
35 847
25 217
27 357

Estimated living cost  is ₴17924 per week

₴12872
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1394
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3406
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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Estimated living cost

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