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
₴42484
₴33684
₴45687
₴35736
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
accident
-
-
-
409
income
-
-
-
27 947
pensions
-
-
-
12 840
other
-
-
-
46
unemployment
-
-
-
318
total
-
-
-
41 560
Employee
23 642
-
80 035
-
unemployment
366
-
703
-
pensions
1 111
-
2 133
-
income
4 938
-
26 266
-
other
23
-
46
-
total
6 438
-
29 148
-
Employer
23 642
-
80 035
-
pensions
5 579
-
10 708
-
other
190
-
363
-
unemployment
1 301
-
2 495
-
accident
468
-
898
-
total
7 538
-
14 464
-
Corporate
63 320
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.

9 498
14 175
-
-
total
9 498
14 175
-
-
Dividends
53 822
80 325
-
-
withholding
11 338
17 434
-
-
total
11 338
17 434
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 812
31 609
43 612
41 560
After tax
59 688
62 891
50 888
52 940
Living cost
17 204
17 204
17 204
17 204
Free-cash
42 484
45 687
33 684
35 736

Estimated living cost  is ₴17204 per week

₴12355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1338
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴242
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.
₴3269
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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