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
₴ 30500
per

Your estimated
City
free-cash

Madrid , Spain
₴6165
₴4506
₴4291
₴8731
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
-
-
-
30 500
unemployment
-
-
-
213
income
-
-
-
5 233
other
-
-
-
31
accident
-
-
-
275
pensions
-
-
-
8 631
total
-
-
-
14 383
Employee
16 251
-
23 127
-
unemployment
252
-
358
-
pensions
764
-
1 087
-
income
3 394
-
5 327
-
other
16
-
23
-
total
4 426
-
6 795
-
Employer
16 251
-
23 127
-
pensions
3 835
-
5 458
-
accident
322
-
458
-
unemployment
894
-
1 272
-
other
130
-
185
-
total
5 181
-
7 373
-
Corporate
9 068
30 500
-
-
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.

1 360
4 575
-
-
total
1 360
4 575
-
-
Dividends
7 707
25 925
-
-
withholding
1 542
5 368
-
-
total
1 542
5 368
-
-
Income
30 500
30 500
30 500
30 500
Total tax
12 509
9 943
14 168
14 383
After tax
17 991
20 557
16 332
16 117
Living cost
11 826
11 826
11 826
11 826
Free-cash
6 165
8 731
4 506
4 291

Estimated living cost  is ₴11826 per week

₴8493
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴167
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.
₴2247
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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