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
₴ 98000
per

Your estimated
City
free-cash

Madrid , Spain
₴43788
₴36835
₴47156
₴34677
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
-
-
-
98 000
accident
-
-
-
430
unemployment
-
-
-
334
pensions
-
-
-
13 493
other
-
-
-
48
income
-
-
-
28 781
total
-
-
-
43 086
Employee
24 844
-
82 800
-
pensions
1 168
-
2 241
-
other
24
-
48
-
income
5 189
-
27 015
-
unemployment
385
-
739
-
total
6 766
-
30 043
-
Employer
24 844
-
82 800
-
accident
492
-
944
-
other
199
-
382
-
unemployment
1 367
-
2 622
-
pensions
5 863
-
11 253
-
total
7 921
-
15 201
-
Corporate
65 236
98 000
-
-
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.

9 785
14 700
-
-
total
9 785
14 700
-
-
Dividends
55 450
83 300
-
-
withholding
11 661
18 065
-
-
total
11 661
18 065
-
-
Income
98 000
98 000
98 000
98 000
Total tax
36 133
32 765
45 244
43 086
After tax
61 867
65 235
52 756
54 914
Living cost
18 079
18 079
18 079
18 079
Free-cash
43 788
47 156
34 677
36 835

Estimated living cost  is ₴18079 per week

₴12983
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1406
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3435
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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