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
₴34814
₴38287
₴27215
₴29378
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
other
-
-
-
48
unemployment
-
-
-
335
income
-
-
-
22 676
pensions
-
-
-
13 519
accident
-
-
-
430
total
-
-
-
37 008
Employee
24 893
-
69 270
-
unemployment
385
-
740
-
other
24
-
48
-
pensions
1 170
-
2 246
-
income
5 199
-
20 907
-
total
6 778
-
23 941
-
Employer
24 893
-
69 270
-
other
200
-
382
-
accident
493
-
946
-
pensions
5 875
-
11 275
-
unemployment
1 369
-
2 627
-
total
7 937
-
15 230
-
Corporate
51 671
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.

7 751
12 675
-
-
total
7 751
12 675
-
-
Dividends
43 921
71 825
-
-
withholding
9 106
15 424
-
-
total
9 106
15 424
-
-
Income
84 500
84 500
84 500
84 500
Total tax
31 572
28 099
39 171
37 008
After tax
52 928
56 401
45 329
47 492
Living cost
18 114
18 114
18 114
18 114
Free-cash
34 814
38 287
27 215
29 378

Estimated living cost  is ₴18114 per week

₴13009
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1408
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.
₴3442
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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