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
₴34069
₴36264
₴43108
₴46535
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
-
-
-
49
unemployment
-
-
-
340
pensions
-
-
-
13 727
income
-
-
-
28 291
accident
-
-
-
437
total
-
-
-
42 844
Employee
25 274
-
82 036
-
pensions
1 188
-
2 280
-
income
5 279
-
26 495
-
unemployment
391
-
752
-
other
25
-
49
-
total
6 883
-
29 576
-
Employer
25 274
-
82 036
-
other
203
-
388
-
accident
501
-
960
-
pensions
5 965
-
11 448
-
unemployment
1 390
-
2 667
-
total
8 059
-
15 463
-
Corporate
64 168
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.

9 625
14 625
-
-
total
9 625
14 625
-
-
Dividends
54 543
82 875
-
-
withholding
11 433
17 948
-
-
total
11 433
17 948
-
-
Income
97 500
97 500
97 500
97 500
Total tax
36 000
32 573
45 039
42 844
After tax
61 500
64 927
52 461
54 656
Living cost
18 392
18 392
18 392
18 392
Free-cash
43 108
46 535
34 069
36 264

Estimated living cost  is ₴18392 per week

₴13208
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1430
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.
₴3495
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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