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
₴ 84500
per

Your estimated
City
free-cash

Madrid , Spain
₴38976
₴27994
₴30070
₴35703
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
-
-
-
84 500
accident
-
-
-
413
income
-
-
-
23 298
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
37 050
Employee
23 884
-
69 887
-
other
23
-
46
-
unemployment
370
-
710
-
pensions
1 122
-
2 155
-
income
4 989
-
21 600
-
total
6 504
-
24 511
-
Employer
23 884
-
69 887
-
pensions
5 637
-
10 818
-
accident
473
-
908
-
unemployment
1 314
-
2 521
-
other
191
-
367
-
total
7 615
-
14 614
-
Corporate
53 001
84 500
-
-
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.

7 950
12 675
-
-
total
7 950
12 675
-
-
Dividends
45 051
71 825
-
-
withholding
9 348
15 468
-
-
total
9 348
15 468
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 417
28 143
39 125
37 050
After tax
53 083
56 357
45 375
47 450
Living cost
17 380
17 380
17 380
17 380
Free-cash
35 703
38 976
27 994
30 070

Estimated living cost  is ₴17380 per week

₴12482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3303
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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