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
₴42737
₴39338
₴33096
₴30918
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
unemployment
-
-
-
337
accident
-
-
-
434
income
-
-
-
25 708
pensions
-
-
-
13 623
other
-
-
-
48
total
-
-
-
40 150
Employee
25 084
-
76 153
-
pensions
1 179
-
2 263
-
unemployment
388
-
746
-
income
5 239
-
23 925
-
other
25
-
48
-
total
6 831
-
26 982
-
Employer
25 084
-
76 153
-
pensions
5 920
-
11 361
-
accident
497
-
953
-
other
201
-
385
-
unemployment
1 380
-
2 647
-
total
7 998
-
15 346
-
Corporate
58 418
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.

8 762
13 725
-
-
total
8 762
13 725
-
-
Dividends
49 656
77 775
-
-
withholding
10 317
16 784
-
-
total
10 317
16 784
-
-
Income
91 500
91 500
91 500
91 500
Total tax
33 908
30 509
42 328
40 150
After tax
57 592
60 991
49 172
51 350
Living cost
18 254
18 254
18 254
18 254
Free-cash
39 338
42 737
30 918
33 096

Estimated living cost  is ₴18254 per week

₴13109
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1419
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴3468
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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