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
₴46955
₴34735
₴36794
₴43742
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
accident
-
-
-
410
income
-
-
-
28 810
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 873
total
-
-
-
42 458
Employee
23 703
-
81 998
-
other
23
-
46
-
unemployment
367
-
705
-
pensions
1 114
-
2 138
-
income
4 951
-
27 125
-
total
6 455
-
30 014
-
Employer
23 703
-
81 998
-
pensions
5 594
-
10 736
-
accident
469
-
901
-
unemployment
1 304
-
2 502
-
other
190
-
364
-
total
7 557
-
14 503
-
Corporate
65 240
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.

9 786
14 475
-
-
total
9 786
14 475
-
-
Dividends
55 455
82 025
-
-
withholding
11 712
17 822
-
-
total
11 712
17 822
-
-
Income
96 500
96 500
96 500
96 500
Total tax
35 510
32 297
44 517
42 458
After tax
60 990
64 203
51 983
54 042
Living cost
17 248
17 248
17 248
17 248
Free-cash
43 742
46 955
34 735
36 794

Estimated living cost  is ₴17248 per week

₴12387
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3277
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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