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
₴48392
₴39263
₴40689
₴50617
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
unemployment
-
-
-
221
income
-
-
-
32 394
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 924
total
-
-
-
41 855
Employee
16 431
-
84 447
-
unemployment
254
-
489
-
pensions
772
-
1 482
-
income
3 432
-
31 226
-
other
16
-
32
-
total
4 474
-
33 229
-
Employer
16 431
-
84 447
-
pensions
3 878
-
7 442
-
accident
325
-
624
-
unemployment
904
-
1 734
-
other
132
-
252
-
total
5 239
-
10 052
-
Corporate
72 831
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.

10 924
14 175
-
-
total
10 924
14 175
-
-
Dividends
61 907
80 325
-
-
withholding
13 515
17 752
-
-
total
13 515
17 752
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 152
31 927
43 281
41 855
After tax
60 348
62 573
51 219
52 645
Living cost
11 956
11 956
11 956
11 956
Free-cash
48 392
50 617
39 263
40 689

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Estimated living cost  is ₴11956 per week

₴8587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴169
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.
₴2272
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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