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
₴ 427500
per

Your estimated
City
free-cash

Madrid , Spain
-₴2656281
-₴1301277
-₴1502322
-₴1376360
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
-
-
-
427 500
other
-
-
-
514
income
-
-
-
51 067
pensions
-
-
-
149 837
accident
-
-
-
4 766
unemployment
-
-
-
3 691
total
-
-
-
209 875
Employee
2 356 299
-
165 390
-
pensions
107 273
-
38 639
-
other
2 289
-
841
-
income
617 360
-
21 492
-
unemployment
35 368
-
12 755
-
total
762 290
-
73 727
-
Employer
2 356 299
-
165 390
-
other
18 268
-
6 588
-
unemployment
125 495
-
45 227
-
accident
45 180
-
16 259
-
pensions
538 563
-
194 036
-
total
727 506
-
262 110
-
Corporate
-
427 500
-
-
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.

-
64 102
-
-
total
-
64 102
-
-
Dividends
-
363 398
-
-
withholding
-
70 690
-
-
total
-
70 690
-
-
Income
427 500
427 500
427 500
427 500
Total tax
1 489 796
134 792
335 837
209 875
After tax
-1 062 296
292 708
91 663
217 625
Living cost
1 593 985
1 593 985
1 593 985
1 593 985
Free-cash
-2 656 281
-1 301 277
-1 502 322
-1 376 360

Estimated living cost  is ₴1593985 per year

₴1106234
Rent. Two to three bedrooms at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴134559
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴24436
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.
₴328782
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.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close