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
₴42707
₴46090
₴33758
₴35926
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
other
-
-
-
48
unemployment
-
-
-
336
income
-
-
-
28 030
pensions
-
-
-
13 560
accident
-
-
-
432
total
-
-
-
42 406
Employee
24 967
-
81 224
-
unemployment
387
-
743
-
other
25
-
48
-
pensions
1 173
-
2 252
-
income
5 215
-
26 255
-
total
6 800
-
29 298
-
Employer
24 967
-
81 224
-
other
200
-
384
-
accident
494
-
949
-
pensions
5 892
-
11 308
-
unemployment
1 373
-
2 635
-
total
7 959
-
15 276
-
Corporate
63 573
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.

9 536
14 475
-
-
total
9 536
14 475
-
-
Dividends
54 037
82 025
-
-
withholding
11 330
17 767
-
-
total
11 330
17 767
-
-
Income
96 500
96 500
96 500
96 500
Total tax
35 625
32 242
44 574
42 406
After tax
60 875
64 258
51 926
54 094
Living cost
18 168
18 168
18 168
18 168
Free-cash
42 707
46 090
33 758
35 926

Estimated living cost  is ₴18168 per week

₴13048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
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.
₴3452
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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