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
₴34523
₴46936
₴36667
₴43591
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
other
-
-
-
48
accident
-
-
-
427
income
-
-
-
28 653
pensions
-
-
-
13 408
unemployment
-
-
-
332
total
-
-
-
42 868
Employee
24 688
-
82 395
-
income
5 156
-
26 898
-
other
24
-
48
-
pensions
1 160
-
2 227
-
unemployment
382
-
734
-
total
6 722
-
29 907
-
Employer
24 688
-
82 395
-
other
198
-
379
-
unemployment
1 358
-
2 606
-
accident
489
-
938
-
pensions
5 826
-
11 182
-
total
7 871
-
15 105
-
Corporate
64 941
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.

9 741
14 625
-
-
total
9 741
14 625
-
-
Dividends
55 199
82 875
-
-
withholding
11 610
17 974
-
-
total
11 610
17 974
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 944
32 599
45 012
42 868
After tax
61 556
64 901
52 488
54 632
Living cost
17 965
17 965
17 965
17 965
Free-cash
43 591
46 936
34 523
36 667

Estimated living cost  is ₴17965 per week

₴12902
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1397
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3414
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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