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
₴36301
₴43155
₴34112
₴46571
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
pensions
-
-
-
13 698
income
-
-
-
28 324
accident
-
-
-
436
unemployment
-
-
-
339
total
-
-
-
42 846
Employee
25 221
-
82 069
-
pensions
1 185
-
2 275
-
income
5 268
-
26 531
-
other
25
-
49
-
unemployment
390
-
750
-
total
6 868
-
29 605
-
Employer
25 221
-
82 069
-
pensions
5 952
-
11 423
-
other
202
-
387
-
unemployment
1 387
-
2 662
-
accident
499
-
958
-
total
8 040
-
15 430
-
Corporate
64 238
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.

9 636
14 625
-
-
total
9 636
14 625
-
-
Dividends
54 602
82 875
-
-
withholding
11 448
17 951
-
-
total
11 448
17 951
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 992
32 576
45 035
42 846
After tax
61 508
64 924
52 465
54 654
Living cost
18 353
18 353
18 353
18 353
Free-cash
43 155
46 571
34 112
36 301

Estimated living cost  is ₴18353 per week

₴13181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
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.
₴3487
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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