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
₴ 94500
per

Your estimated
City
free-cash

Madrid , Spain
₴42111
₴45376
₴33331
₴35424
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
-
-
-
94 500
other
-
-
-
46
unemployment
-
-
-
324
income
-
-
-
27 667
pensions
-
-
-
13 087
accident
-
-
-
417
total
-
-
-
41 541
Employee
24 097
-
79 757
-
unemployment
373
-
717
-
other
24
-
46
-
pensions
1 132
-
2 174
-
income
5 033
-
25 954
-
total
6 562
-
28 891
-
Employer
24 097
-
79 757
-
other
193
-
370
-
accident
477
-
916
-
pensions
5 687
-
10 914
-
unemployment
1 326
-
2 543
-
total
7 683
-
14 743
-
Corporate
62 721
94 500
-
-
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.

9 408
14 175
-
-
total
9 408
14 175
-
-
Dividends
53 313
80 325
-
-
withholding
11 201
17 414
-
-
total
11 201
17 414
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 854
31 589
43 634
41 541
After tax
59 646
62 911
50 866
52 959
Living cost
17 535
17 535
17 535
17 535
Free-cash
42 111
45 376
33 331
35 424

Estimated living cost  is ₴17535 per week

₴12593
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
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.
₴3332
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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