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
₴ 96500
per

Your estimated
City
free-cash

Madrid , Spain
₴33771
₴46101
₴35939
₴42720
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
-
-
-
96 500
income
-
-
-
28 041
pensions
-
-
-
13 550
other
-
-
-
48
unemployment
-
-
-
335
accident
-
-
-
431
total
-
-
-
42 405
Employee
24 950
-
81 235
-
unemployment
386
-
742
-
pensions
1 173
-
2 251
-
other
25
-
48
-
income
5 211
-
26 267
-
total
6 795
-
29 308
-
Employer
24 950
-
81 235
-
accident
494
-
948
-
other
200
-
383
-
unemployment
1 372
-
2 633
-
pensions
5 888
-
11 301
-
total
7 954
-
15 265
-
Corporate
63 596
96 500
-
-
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.

9 540
14 475
-
-
total
9 540
14 475
-
-
Dividends
54 056
82 025
-
-
withholding
11 335
17 768
-
-
total
11 335
17 768
-
-
Income
96 500
96 500
96 500
96 500
Total tax
35 624
32 243
44 573
42 405
After tax
60 876
64 257
51 927
54 095
Living cost
18 156
18 156
18 156
18 156
Free-cash
42 720
46 101
33 771
35 939

Estimated living cost  is ₴18156 per week

₴13039
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3450
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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