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
₴34188
₴36370
₴43234
₴46638
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
unemployment
-
-
-
338
pensions
-
-
-
13 644
income
-
-
-
28 385
accident
-
-
-
434
total
-
-
-
42 849
Employee
25 121
-
82 130
-
pensions
1 181
-
2 266
-
income
5 247
-
26 600
-
unemployment
389
-
747
-
other
25
-
48
-
total
6 842
-
29 661
-
Employer
25 121
-
82 130
-
other
201
-
386
-
accident
497
-
955
-
pensions
5 928
-
11 378
-
unemployment
1 382
-
2 651
-
total
8 008
-
15 370
-
Corporate
64 370
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.

9 656
14 625
-
-
total
9 656
14 625
-
-
Dividends
54 714
82 875
-
-
withholding
11 479
17 956
-
-
total
11 479
17 956
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 985
32 581
45 031
42 849
After tax
61 515
64 919
52 469
54 651
Living cost
18 281
18 281
18 281
18 281
Free-cash
43 234
46 638
34 188
36 370

Estimated living cost  is ₴18281 per week

₴13128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1421
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3474
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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