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
₴ 84000
per

Your estimated
City
free-cash

Madrid , Spain
₴40795
₴37984
₴31950
₴30149
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
-
-
-
84 000
accident
-
-
-
359
income
-
-
-
25 009
pensions
-
-
-
11 267
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
36 954
Employee
20 745
-
71 308
-
other
20
-
40
-
income
4 333
-
23 534
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 649
-
26 063
-
Employer
20 745
-
71 308
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 189
-
pensions
4 896
-
9 396
-
total
6 614
-
12 692
-
Corporate
56 641
84 000
-
-
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.

8 496
12 600
-
-
total
8 496
12 600
-
-
Dividends
48 145
71 400
-
-
withholding
10 161
15 509
-
-
total
10 161
15 509
-
-
Income
84 000
84 000
84 000
84 000
Total tax
30 920
28 109
38 755
36 954
After tax
53 080
55 891
45 245
47 046
Living cost
15 096
15 096
15 096
15 096
Free-cash
37 984
40 795
30 149
31 950

Estimated living cost  is ₴15096 per week

₴10841
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
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.
₴2868
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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