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
₴ 96000
per

Your estimated
City
free-cash

Madrid , Spain
₴45607
₴42192
₴35493
₴33306
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
-
-
-
96 000
unemployment
-
-
-
339
accident
-
-
-
436
income
-
-
-
27 666
pensions
-
-
-
13 683
other
-
-
-
49
total
-
-
-
42 173
Employee
25 194
-
80 585
-
pensions
1 184
-
2 273
-
unemployment
390
-
749
-
income
5 262
-
25 875
-
other
25
-
49
-
total
6 861
-
28 946
-
Employer
25 194
-
80 585
-
pensions
5 946
-
11 411
-
accident
499
-
957
-
other
202
-
387
-
unemployment
1 386
-
2 659
-
total
8 033
-
15 414
-
Corporate
62 774
96 000
-
-
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.

9 416
14 400
-
-
total
9 416
14 400
-
-
Dividends
53 357
81 600
-
-
withholding
11 164
17 659
-
-
total
11 164
17 659
-
-
Income
96 000
96 000
96 000
96 000
Total tax
35 474
32 059
44 360
42 173
After tax
60 526
63 941
51 640
53 827
Living cost
18 334
18 334
18 334
18 334
Free-cash
42 192
45 607
33 306
35 493

Estimated living cost  is ₴18334 per week

₴13166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3484
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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