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
₴34325
₴46844
₴36523
₴43416
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
income
-
-
-
28 501
pensions
-
-
-
13 740
unemployment
-
-
-
340
accident
-
-
-
437
other
-
-
-
49
total
-
-
-
43 067
Employee
25 298
-
82 522
-
pensions
1 189
-
2 282
-
other
25
-
49
-
income
5 284
-
26 703
-
unemployment
392
-
753
-
total
6 890
-
29 787
-
Employer
25 298
-
82 522
-
accident
501
-
961
-
unemployment
1 392
-
2 670
-
other
203
-
389
-
pensions
5 970
-
11 458
-
total
8 066
-
15 478
-
Corporate
64 636
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.

9 695
14 700
-
-
total
9 695
14 700
-
-
Dividends
54 941
83 300
-
-
withholding
11 523
18 046
-
-
total
11 523
18 046
-
-
Income
98 000
98 000
98 000
98 000
Total tax
36 174
32 746
45 265
43 067
After tax
61 826
65 254
52 735
54 933
Living cost
18 410
18 410
18 410
18 410
Free-cash
43 416
46 844
34 325
36 523

Estimated living cost  is ₴18410 per week

₴13221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
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.
₴3498
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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