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
₴27245
₴35737
₴32215
₴25092
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
-
-
-
429
other
-
-
-
48
pensions
-
-
-
13 465
unemployment
-
-
-
333
income
-
-
-
20 939
total
-
-
-
35 214
Employee
24 791
-
65 332
-
pensions
1 165
-
2 237
-
unemployment
384
-
737
-
other
24
-
48
-
income
5 178
-
19 176
-
total
6 751
-
22 198
-
Employer
24 791
-
65 332
-
accident
491
-
942
-
pensions
5 851
-
11 229
-
other
199
-
381
-
unemployment
1 364
-
2 617
-
total
7 905
-
15 169
-
Corporate
47 804
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.

7 171
12 075
-
-
total
7 171
12 075
-
-
Dividends
40 634
68 425
-
-
withholding
8 417
14 647
-
-
total
8 417
14 647
-
-
Income
80 500
80 500
80 500
80 500
Total tax
30 244
26 722
37 367
35 214
After tax
50 256
53 778
43 133
45 286
Living cost
18 041
18 041
18 041
18 041
Free-cash
32 215
35 737
25 092
27 245

Estimated living cost  is ₴18041 per week

₴12956
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1403
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.
₴3428
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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