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
₴33562
₴35752
₴45917
₴42502
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
-
-
-
436
income
-
-
-
27 875
unemployment
-
-
-
339
other
-
-
-
49
pensions
-
-
-
13 697
total
-
-
-
42 396
Employee
25 219
-
81 070
-
income
5 267
-
26 082
-
pensions
1 185
-
2 275
-
unemployment
390
-
750
-
other
25
-
49
-
total
6 867
-
29 156
-
Employer
25 219
-
81 070
-
other
202
-
387
-
unemployment
1 387
-
2 662
-
pensions
5 952
-
11 423
-
accident
499
-
958
-
total
8 040
-
15 430
-
Corporate
63 240
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.

9 486
14 475
-
-
total
9 486
14 475
-
-
Dividends
53 754
82 025
-
-
withholding
11 253
17 756
-
-
total
11 253
17 756
-
-
Income
96 500
96 500
96 500
96 500
Total tax
35 646
32 231
44 586
42 396
After tax
60 854
64 269
51 914
54 104
Living cost
18 352
18 352
18 352
18 352
Free-cash
42 502
45 917
33 562
35 752

Estimated living cost  is ₴18352 per week

₴13180
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3487
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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