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
₴44372
₴35261
₴47587
₴37324
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
-
-
-
410
income
-
-
-
29 240
pensions
-
-
-
12 890
other
-
-
-
46
unemployment
-
-
-
319
total
-
-
-
42 905
Employee
23 734
-
82 979
-
unemployment
367
-
706
-
pensions
1 115
-
2 141
-
income
4 957
-
27 553
-
other
23
-
46
-
total
6 462
-
30 446
-
Employer
23 734
-
82 979
-
pensions
5 601
-
10 750
-
other
190
-
365
-
unemployment
1 306
-
2 505
-
accident
470
-
902
-
total
7 567
-
14 522
-
Corporate
66 199
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.

9 930
14 625
-
-
total
9 930
14 625
-
-
Dividends
56 269
82 875
-
-
withholding
11 898
18 017
-
-
total
11 898
18 017
-
-
Income
97 500
97 500
97 500
97 500
Total tax
35 857
32 642
44 968
42 905
After tax
61 643
64 858
52 532
54 595
Living cost
17 271
17 271
17 271
17 271
Free-cash
44 372
47 587
35 261
37 324

Estimated living cost  is ₴17271 per week

₴12403
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1343
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3282
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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