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
₴44536
₴32380
₴41104
₴34580
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
-
-
-
438
unemployment
-
-
-
340
pensions
-
-
-
13 755
other
-
-
-
49
income
-
-
-
26 909
total
-
-
-
41 491
Employee
25 326
-
79 005
-
pensions
1 190
-
2 285
-
income
5 290
-
25 109
-
unemployment
392
-
753
-
other
25
-
49
-
total
6 897
-
28 196
-
Employer
25 326
-
79 005
-
other
203
-
389
-
unemployment
1 393
-
2 673
-
accident
502
-
962
-
pensions
5 977
-
11 471
-
total
8 075
-
15 495
-
Corporate
61 100
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.

9 165
14 175
-
-
total
9 165
14 175
-
-
Dividends
51 935
80 325
-
-
withholding
10 830
17 360
-
-
total
10 830
17 360
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 967
31 535
43 691
41 491
After tax
59 533
62 965
50 809
53 009
Living cost
18 429
18 429
18 429
18 429
Free-cash
41 104
44 536
32 380
34 580

Estimated living cost  is ₴18429 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3502
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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