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
₴34705
₴47179
₴36859
₴43818
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
other
-
-
-
48
accident
-
-
-
429
income
-
-
-
28 802
pensions
-
-
-
13 475
unemployment
-
-
-
333
total
-
-
-
43 087
Employee
24 810
-
82 820
-
income
5 182
-
27 038
-
other
24
-
48
-
pensions
1 166
-
2 238
-
unemployment
384
-
738
-
total
6 756
-
30 062
-
Employer
24 810
-
82 820
-
other
199
-
381
-
unemployment
1 365
-
2 618
-
accident
491
-
943
-
pensions
5 855
-
11 237
-
total
7 910
-
15 179
-
Corporate
65 280
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.

9 792
14 700
-
-
total
9 792
14 700
-
-
Dividends
55 488
83 300
-
-
withholding
11 670
18 067
-
-
total
11 670
18 067
-
-
Income
98 000
98 000
98 000
98 000
Total tax
36 128
32 767
45 241
43 087
After tax
61 872
65 233
52 759
54 913
Living cost
18 054
18 054
18 054
18 054
Free-cash
43 818
47 179
34 705
36 859

Estimated living cost  is ₴18054 per week

₴12966
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1404
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴254
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.
₴3431
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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