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
₴36625
₴46894
₴43543
₴34476
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
-
-
-
428
other
-
-
-
48
pensions
-
-
-
13 441
unemployment
-
-
-
333
income
-
-
-
28 616
total
-
-
-
42 866
Employee
24 748
-
82 359
-
pensions
1 163
-
2 233
-
unemployment
383
-
736
-
other
24
-
48
-
income
5 169
-
26 857
-
total
6 739
-
29 874
-
Employer
24 748
-
82 359
-
accident
490
-
940
-
pensions
5 840
-
11 209
-
other
198
-
380
-
unemployment
1 361
-
2 612
-
total
7 889
-
15 141
-
Corporate
64 862
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.

9 729
14 625
-
-
total
9 729
14 625
-
-
Dividends
55 133
82 875
-
-
withholding
11 591
17 972
-
-
total
11 591
17 972
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 948
32 597
45 015
42 866
After tax
61 552
64 903
52 485
54 634
Living cost
18 009
18 009
18 009
18 009
Free-cash
43 543
46 894
34 476
36 625

Estimated living cost  is ₴18009 per week

₴12933
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3422
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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