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
₴ 89000
per

Your estimated
City
free-cash

Madrid , Spain
₴42046
₴30610
₴32669
₴38834
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
-
-
-
89 000
accident
-
-
-
410
income
-
-
-
25 435
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 873
total
-
-
-
39 083
Employee
23 703
-
74 498
-
other
23
-
46
-
unemployment
367
-
705
-
pensions
1 114
-
2 138
-
income
4 951
-
23 750
-
total
6 455
-
26 639
-
Employer
23 703
-
74 498
-
pensions
5 594
-
10 736
-
accident
469
-
901
-
unemployment
1 304
-
2 502
-
other
190
-
364
-
total
7 557
-
14 503
-
Corporate
57 740
89 000
-
-
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.

8 661
13 350
-
-
total
8 661
13 350
-
-
Dividends
49 080
75 650
-
-
withholding
10 245
16 356
-
-
total
10 245
16 356
-
-
Income
89 000
89 000
89 000
89 000
Total tax
32 918
29 706
41 142
39 083
After tax
56 082
59 294
47 858
49 917
Living cost
17 248
17 248
17 248
17 248
Free-cash
38 834
42 046
30 610
32 669

Estimated living cost  is ₴17248 per week

₴12387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3277
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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