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
₴ 83500
per

Your estimated
City
free-cash

Madrid , Spain
₴40509
₴37707
₴31718
₴29921
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
-
-
-
83 500
accident
-
-
-
358
income
-
-
-
24 820
pensions
-
-
-
11 234
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
36 730
Employee
20 684
-
70 845
-
other
20
-
40
-
income
4 320
-
23 350
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
25 871
-
Employer
20 684
-
70 845
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 881
-
9 369
-
total
6 595
-
12 656
-
Corporate
56 221
83 500
-
-
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.

8 433
12 525
-
-
total
8 433
12 525
-
-
Dividends
47 788
70 975
-
-
withholding
10 081
15 414
-
-
total
10 081
15 414
-
-
Income
83 500
83 500
83 500
83 500
Total tax
30 741
27 939
38 527
36 730
After tax
52 759
55 561
44 973
46 770
Living cost
15 052
15 052
15 052
15 052
Free-cash
37 707
40 509
29 921
31 718

Estimated living cost  is ₴15052 per week

₴10810
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1170
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
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.
₴2860
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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