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
₴ 97500
per

Your estimated
City
free-cash

Madrid , Spain
₴49627
₴46817
₴39372
₴37570
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
-
-
-
97 500
accident
-
-
-
359
income
-
-
-
31 080
pensions
-
-
-
11 270
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
43 028
Employee
20 750
-
84 804
-
other
20
-
40
-
income
4 334
-
29 605
-
pensions
975
-
1 872
-
unemployment
321
-
617
-
total
5 650
-
32 134
-
Employer
20 750
-
84 804
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 190
-
pensions
4 897
-
9 399
-
total
6 615
-
12 696
-
Corporate
70 134
97 500
-
-
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.

10 520
14 625
-
-
total
10 520
14 625
-
-
Dividends
59 614
82 875
-
-
withholding
12 798
18 148
-
-
total
12 798
18 148
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 583
32 773
44 830
43 028
After tax
61 917
64 727
52 670
54 472
Living cost
15 100
15 100
15 100
15 100
Free-cash
46 817
49 627
37 570
39 372

Estimated living cost  is ₴15100 per week

₴10844
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1174
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
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.
₴2869
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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Estimated living cost

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