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
₴45845
₴33480
₴42413
₴35680
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
-
-
-
438
unemployment
-
-
-
340
pensions
-
-
-
13 755
other
-
-
-
49
income
-
-
-
27 809
total
-
-
-
42 391
Employee
25 326
-
81 005
-
pensions
1 190
-
2 285
-
income
5 290
-
26 009
-
unemployment
392
-
753
-
other
25
-
49
-
total
6 897
-
29 096
-
Employer
25 326
-
81 005
-
other
203
-
389
-
unemployment
1 393
-
2 673
-
accident
502
-
962
-
pensions
5 977
-
11 471
-
total
8 075
-
15 495
-
Corporate
63 100
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.

9 465
14 475
-
-
total
9 465
14 475
-
-
Dividends
53 635
82 025
-
-
withholding
11 221
17 751
-
-
total
11 221
17 751
-
-
Income
96 500
96 500
96 500
96 500
Total tax
35 658
32 226
44 591
42 391
After tax
60 842
64 274
51 909
54 109
Living cost
18 429
18 429
18 429
18 429
Free-cash
42 413
45 845
33 480
35 680

Estimated living cost  is ₴18429 per week

₴13235
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3502
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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