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
₴34838
₴29396
₴38306
₴27236
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
-
-
-
430
unemployment
-
-
-
334
pensions
-
-
-
13 504
other
-
-
-
48
income
-
-
-
22 694
total
-
-
-
37 010
Employee
24 865
-
69 287
-
pensions
1 169
-
2 243
-
other
24
-
48
-
income
5 193
-
20 926
-
unemployment
385
-
740
-
total
6 771
-
23 957
-
Employer
24 865
-
69 287
-
accident
492
-
945
-
other
199
-
382
-
unemployment
1 368
-
2 624
-
pensions
5 868
-
11 262
-
total
7 927
-
15 213
-
Corporate
51 708
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.

7 757
12 675
-
-
total
7 757
12 675
-
-
Dividends
43 951
71 825
-
-
withholding
9 113
15 425
-
-
total
9 113
15 425
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 568
28 100
39 170
37 010
After tax
52 932
56 400
45 330
47 490
Living cost
18 094
18 094
18 094
18 094
Free-cash
34 838
38 306
27 236
29 396

Estimated living cost  is ₴18094 per week

₴12994
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3438
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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