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
₴ 34000
per

Your estimated
City
free-cash

Madrid , Spain
₴4874
₴619
₴857
₴376
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
-
-
-
34 000
income
-
-
-
5 350
pensions
-
-
-
9 622
unemployment
-
-
-
238
other
-
-
-
34
accident
-
-
-
306
total
-
-
-
15 550
Employee
24 837
-
25 780
-
unemployment
385
-
399
-
income
5 188
-
5 453
-
pensions
1 167
-
1 212
-
other
24
-
25
-
total
6 764
-
7 089
-
Employer
24 837
-
25 780
-
unemployment
1 366
-
1 418
-
pensions
5 861
-
6 084
-
accident
492
-
510
-
other
199
-
206
-
total
7 918
-
8 218
-
Corporate
1 244
34 000
-
-
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.

186
5 100
-
-
total
186
5 100
-
-
Dividends
1 058
28 900
-
-
withholding
201
5 952
-
-
total
201
5 952
-
-
Income
34 000
34 000
34 000
34 000
Total tax
15 069
11 052
15 307
15 550
After tax
18 931
22 948
18 693
18 450
Living cost
18 074
18 074
18 074
18 074
Free-cash
857
4 874
619
376

Estimated living cost  is ₴18074 per week

₴12980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3434
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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