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
₴34034
₴46503
₴36233
₴43070
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
income
-
-
-
28 262
pensions
-
-
-
13 752
other
-
-
-
49
unemployment
-
-
-
340
accident
-
-
-
438
total
-
-
-
42 841
Employee
25 320
-
82 008
-
unemployment
392
-
753
-
pensions
1 190
-
2 284
-
other
25
-
49
-
income
5 289
-
26 463
-
total
6 896
-
29 549
-
Employer
25 320
-
82 008
-
accident
501
-
962
-
other
203
-
389
-
unemployment
1 393
-
2 672
-
pensions
5 976
-
11 468
-
total
8 073
-
15 491
-
Corporate
64 107
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.

9 616
14 625
-
-
total
9 616
14 625
-
-
Dividends
54 491
82 875
-
-
withholding
11 419
17 946
-
-
total
11 419
17 946
-
-
Income
97 500
97 500
97 500
97 500
Total tax
36 004
32 571
45 040
42 841
After tax
61 496
64 929
52 460
54 659
Living cost
18 426
18 426
18 426
18 426
Free-cash
43 070
46 503
34 034
36 233

Estimated living cost  is ₴18426 per week

₴13233
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3501
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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