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
₴24669
₴35362
₴26868
₴31734
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
pensions
-
-
-
13 763
accident
-
-
-
438
unemployment
-
-
-
341
other
-
-
-
49
income
-
-
-
20 601
total
-
-
-
35 192
Employee
25 340
-
64 996
-
unemployment
392
-
754
-
pensions
1 191
-
2 286
-
other
25
-
49
-
income
5 293
-
18 799
-
total
6 901
-
21 888
-
Employer
25 340
-
64 996
-
pensions
5 980
-
11 477
-
other
203
-
389
-
unemployment
1 394
-
2 674
-
accident
502
-
963
-
total
8 079
-
15 503
-
Corporate
47 081
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.

7 062
12 075
-
-
total
7 062
12 075
-
-
Dividends
40 018
68 425
-
-
withholding
8 284
14 623
-
-
total
8 284
14 623
-
-
Income
80 500
80 500
80 500
80 500
Total tax
30 326
26 698
37 391
35 192
After tax
50 174
53 802
43 109
45 308
Living cost
18 440
18 440
18 440
18 440
Free-cash
31 734
35 362
24 669
26 868

Estimated living cost  is ₴18440 per week

₴13243
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1434
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3504
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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