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
₴ 91500
per

Your estimated
City
free-cash

Madrid , Spain
₴39618
₴42969
₴31181
₴33329
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
-
-
-
91 500
other
-
-
-
48
unemployment
-
-
-
333
income
-
-
-
25 918
pensions
-
-
-
13 438
accident
-
-
-
428
total
-
-
-
40 165
Employee
24 743
-
76 361
-
unemployment
383
-
736
-
other
24
-
48
-
pensions
1 163
-
2 232
-
income
5 168
-
24 159
-
total
6 738
-
27 175
-
Employer
24 743
-
76 361
-
other
198
-
380
-
accident
490
-
940
-
pensions
5 839
-
11 207
-
unemployment
1 361
-
2 611
-
total
7 888
-
15 138
-
Corporate
58 868
91 500
-
-
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.

8 830
13 725
-
-
total
8 830
13 725
-
-
Dividends
50 038
77 775
-
-
withholding
10 420
16 800
-
-
total
10 420
16 800
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 876
30 525
42 313
40 165
After tax
57 624
60 975
49 187
51 335
Living cost
18 006
18 006
18 006
18 006
Free-cash
39 618
42 969
31 181
33 329

Estimated living cost  is ₴18006 per week

₴12931
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3421
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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