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
₴ 85500
per

Your estimated
City
free-cash

Madrid , Spain
₴41817
₴39015
₴32816
₴31020
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
-
-
-
85 500
accident
-
-
-
358
income
-
-
-
25 720
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
37 631
Employee
20 686
-
72 844
-
other
20
-
40
-
income
4 320
-
24 250
-
pensions
972
-
1 866
-
unemployment
320
-
615
-
total
5 632
-
26 771
-
Employer
20 686
-
72 844
-
accident
410
-
786
-
other
166
-
318
-
unemployment
1 138
-
2 183
-
pensions
4 882
-
9 369
-
total
6 596
-
12 656
-
Corporate
58 219
85 500
-
-
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.

8 733
12 825
-
-
total
8 733
12 825
-
-
Dividends
49 487
72 675
-
-
withholding
10 471
15 805
-
-
total
10 471
15 805
-
-
Income
85 500
85 500
85 500
85 500
Total tax
31 432
28 630
39 427
37 631
After tax
54 068
56 870
46 073
47 869
Living cost
15 053
15 053
15 053
15 053
Free-cash
39 015
41 817
31 020
32 816

Estimated living cost  is ₴15053 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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