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
₴33972
₴43610
₴40384
₴31903
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
pensions
-
-
-
12 930
other
-
-
-
46
unemployment
-
-
-
320
accident
-
-
-
412
income
-
-
-
26 495
total
-
-
-
40 203
Employee
23 808
-
76 934
-
pensions
1 119
-
2 148
-
other
23
-
46
-
unemployment
369
-
708
-
income
4 973
-
24 803
-
total
6 484
-
27 705
-
Employer
23 808
-
76 934
-
pensions
5 618
-
10 783
-
other
191
-
366
-
unemployment
1 310
-
2 513
-
accident
471
-
905
-
total
7 590
-
14 567
-
Corporate
60 102
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.

9 015
13 725
-
-
total
9 015
13 725
-
-
Dividends
51 087
77 775
-
-
withholding
10 702
16 840
-
-
total
10 702
16 840
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 791
30 565
42 272
40 203
After tax
57 709
60 935
49 228
51 297
Living cost
17 325
17 325
17 325
17 325
Free-cash
40 384
43 610
31 903
33 972

Estimated living cost  is ₴17325 per week

₴12442
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
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.
₴3292
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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