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
₴37750
₴35951
₴44885
₴47691
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
-
-
-
40
unemployment
-
-
-
278
accident
-
-
-
358
income
-
-
-
29 755
pensions
-
-
-
11 248
total
-
-
-
41 679
Employee
20 710
-
81 829
-
income
4 326
-
28 283
-
pensions
973
-
1 868
-
unemployment
321
-
616
-
other
20
-
40
-
total
5 640
-
30 807
-
Employer
20 710
-
81 829
-
pensions
4 887
-
9 380
-
other
166
-
318
-
accident
410
-
787
-
unemployment
1 139
-
2 186
-
total
6 602
-
12 671
-
Corporate
67 187
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.

10 078
14 175
-
-
total
10 078
14 175
-
-
Dividends
57 109
80 325
-
-
withholding
12 224
17 563
-
-
total
12 224
17 563
-
-
Income
94 500
94 500
94 500
94 500
Total tax
34 544
31 738
43 478
41 679
After tax
59 956
62 762
51 022
52 821
Living cost
15 071
15 071
15 071
15 071
Free-cash
44 885
47 691
35 951
37 750

Estimated living cost  is ₴15071 per week

₴10823
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1172
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴212
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.
₴2864
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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