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
₴ 32500
per

Your estimated
City
free-cash

Madrid , Spain
₴7483
₴5441
₴5473
₴10054
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
-
-
-
32 500
unemployment
-
-
-
219
income
-
-
-
5 807
other
-
-
-
31
accident
-
-
-
281
pensions
-
-
-
8 842
total
-
-
-
15 180
Employee
16 281
-
24 644
-
unemployment
252
-
382
-
pensions
765
-
1 159
-
income
3 400
-
5 789
-
other
16
-
25
-
total
4 433
-
7 355
-
Employer
16 281
-
24 644
-
pensions
3 842
-
5 816
-
accident
322
-
488
-
unemployment
896
-
1 356
-
other
131
-
197
-
total
5 191
-
7 857
-
Corporate
11 029
32 500
-
-
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.

1 654
4 875
-
-
total
1 654
4 875
-
-
Dividends
9 374
27 625
-
-
withholding
1 892
5 724
-
-
total
1 892
5 724
-
-
Income
32 500
32 500
32 500
32 500
Total tax
13 170
10 599
15 212
15 180
After tax
19 330
21 901
17 288
17 320
Living cost
11 847
11 847
11 847
11 847
Free-cash
7 483
10 054
5 441
5 473

Estimated living cost  is ₴11847 per week

₴8508
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
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.
₴2251
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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