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
₴43001
₴46281
₴34069
₴36172
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
other
-
-
-
47
unemployment
-
-
-
325
income
-
-
-
28 273
pensions
-
-
-
13 148
accident
-
-
-
419
total
-
-
-
42 212
Employee
24 208
-
81 189
-
unemployment
375
-
720
-
other
24
-
47
-
pensions
1 138
-
2 184
-
income
5 056
-
26 552
-
total
6 593
-
29 503
-
Employer
24 208
-
81 189
-
other
194
-
372
-
accident
479
-
920
-
pensions
5 713
-
10 965
-
unemployment
1 332
-
2 555
-
total
7 718
-
14 812
-
Corporate
64 074
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.

9 611
14 400
-
-
total
9 611
14 400
-
-
Dividends
54 463
81 600
-
-
withholding
11 461
17 703
-
-
total
11 461
17 703
-
-
Income
96 000
96 000
96 000
96 000
Total tax
35 383
32 103
44 315
42 212
After tax
60 617
63 897
51 685
53 788
Living cost
17 616
17 616
17 616
17 616
Free-cash
43 001
46 281
34 069
36 172

Estimated living cost  is ₴17616 per week

₴12651
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1370
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
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.
₴3347
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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