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
₴ 88000
per

Your estimated
City
free-cash

Madrid , Spain
₴43536
₴40751
₴34275
₴32488
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
-
-
-
88 000
accident
-
-
-
356
income
-
-
-
26 919
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
38 760
Employee
20 565
-
75 418
-
other
20
-
40
-
income
4 295
-
25 458
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
27 965
-
Employer
20 565
-
75 418
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
60 878
88 000
-
-
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.

9 132
13 200
-
-
total
9 132
13 200
-
-
Dividends
51 747
74 800
-
-
withholding
10 997
16 299
-
-
total
10 997
16 299
-
-
Income
88 000
88 000
88 000
88 000
Total tax
32 284
29 499
40 547
38 760
After tax
55 716
58 501
47 453
49 240
Living cost
14 965
14 965
14 965
14 965
Free-cash
40 751
43 536
32 488
34 275

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
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.
₴2844
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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