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
₴43820
₴47128
₴34742
₴36862
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
-
-
-
47
unemployment
-
-
-
328
income
-
-
-
28 826
pensions
-
-
-
13 255
accident
-
-
-
422
total
-
-
-
42 878
Employee
24 406
-
82 567
-
unemployment
378
-
726
-
other
24
-
47
-
pensions
1 147
-
2 202
-
income
5 098
-
27 091
-
total
6 647
-
30 066
-
Employer
24 406
-
82 567
-
other
196
-
375
-
accident
483
-
927
-
pensions
5 760
-
11 054
-
unemployment
1 343
-
2 576
-
total
7 782
-
14 932
-
Corporate
65 312
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.

9 797
14 625
-
-
total
9 797
14 625
-
-
Dividends
55 515
82 875
-
-
withholding
11 694
17 987
-
-
total
11 694
17 987
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 920
32 612
44 998
42 878
After tax
61 580
64 888
52 502
54 622
Living cost
17 760
17 760
17 760
17 760
Free-cash
43 820
47 128
34 742
36 862

Estimated living cost  is ₴17760 per week

₴12755
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1381
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴250
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.
₴3375
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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