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
₴41398
₴44781
₴32658
₴34826
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
-
-
-
48
unemployment
-
-
-
336
income
-
-
-
27 130
pensions
-
-
-
13 560
accident
-
-
-
432
total
-
-
-
41 506
Employee
24 967
-
79 224
-
unemployment
387
-
743
-
other
25
-
48
-
pensions
1 173
-
2 252
-
income
5 215
-
25 355
-
total
6 800
-
28 398
-
Employer
24 967
-
79 224
-
other
200
-
384
-
accident
494
-
949
-
pensions
5 892
-
11 308
-
unemployment
1 373
-
2 635
-
total
7 959
-
15 276
-
Corporate
61 573
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.

9 236
14 175
-
-
total
9 236
14 175
-
-
Dividends
52 337
80 325
-
-
withholding
10 939
17 376
-
-
total
10 939
17 376
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 934
31 551
43 674
41 506
After tax
59 566
62 949
50 826
52 994
Living cost
18 168
18 168
18 168
18 168
Free-cash
41 398
44 781
32 658
34 826

Estimated living cost  is ₴18168 per week

₴13048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3452
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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