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
₴43457
₴31732
₴33819
₴40202
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
accident
-
-
-
415
income
-
-
-
26 358
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 052
total
-
-
-
40 194
Employee
24 031
-
76 797
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 129
-
2 168
-
income
5 019
-
24 649
-
total
6 544
-
27 578
-
Employer
24 031
-
76 797
-
pensions
5 671
-
10 885
-
accident
476
-
913
-
unemployment
1 322
-
2 536
-
other
193
-
369
-
total
7 662
-
14 703
-
Corporate
59 807
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.

8 971
13 725
-
-
total
8 971
13 725
-
-
Dividends
50 836
77 775
-
-
withholding
10 634
16 831
-
-
total
10 634
16 831
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 811
30 556
42 281
40 194
After tax
57 689
60 944
49 219
51 306
Living cost
17 487
17 487
17 487
17 487
Free-cash
40 202
43 457
31 732
33 819

Estimated living cost  is ₴17487 per week

₴12559
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
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.
₴3323
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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