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
₴34835
₴47293
₴36975
₴43953
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
-
-
-
47
accident
-
-
-
426
income
-
-
-
28 905
pensions
-
-
-
13 384
unemployment
-
-
-
331
total
-
-
-
43 093
Employee
24 643
-
82 923
-
income
5 147
-
27 153
-
other
24
-
47
-
pensions
1 158
-
2 223
-
unemployment
382
-
733
-
total
6 711
-
30 156
-
Employer
24 643
-
82 923
-
other
198
-
379
-
unemployment
1 356
-
2 601
-
accident
488
-
936
-
pensions
5 816
-
11 161
-
total
7 858
-
15 077
-
Corporate
65 501
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.

9 825
14 700
-
-
total
9 825
14 700
-
-
Dividends
55 676
83 300
-
-
withholding
11 721
18 075
-
-
total
11 721
18 075
-
-
Income
98 000
98 000
98 000
98 000
Total tax
36 115
32 775
45 233
43 093
After tax
61 885
65 225
52 767
54 907
Living cost
17 932
17 932
17 932
17 932
Free-cash
43 953
47 293
34 835
36 975

Estimated living cost  is ₴17932 per week

₴12878
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1394
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3407
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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