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
₴45520
₴33494
₴35570
₴42285
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
-
-
-
413
income
-
-
-
27 798
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 972
total
-
-
-
41 550
Employee
23 884
-
79 887
-
other
23
-
46
-
unemployment
370
-
710
-
pensions
1 122
-
2 155
-
income
4 989
-
26 100
-
total
6 504
-
29 011
-
Employer
23 884
-
79 887
-
pensions
5 637
-
10 818
-
accident
473
-
908
-
unemployment
1 314
-
2 521
-
other
191
-
367
-
total
7 615
-
14 614
-
Corporate
63 001
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.

9 450
14 175
-
-
total
9 450
14 175
-
-
Dividends
53 551
80 325
-
-
withholding
11 266
17 424
-
-
total
11 266
17 424
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 835
31 599
43 625
41 550
After tax
59 665
62 901
50 875
52 950
Living cost
17 380
17 380
17 380
17 380
Free-cash
42 285
45 520
33 494
35 570

Estimated living cost  is ₴17380 per week

₴12482
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1351
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3303
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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Estimated living cost

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