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
₴ 34500
per

Your estimated
City
free-cash

Madrid , Spain
₴8710
₴6263
₴6610
₴11301
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
-
-
-
34 500
unemployment
-
-
-
221
income
-
-
-
6 496
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 914
total
-
-
-
15 947
Employee
16 412
-
26 160
-
unemployment
254
-
406
-
pensions
771
-
1 230
-
income
3 428
-
6 292
-
other
16
-
26
-
total
4 469
-
7 954
-
Employer
16 412
-
26 160
-
pensions
3 873
-
6 174
-
accident
325
-
518
-
unemployment
903
-
1 439
-
other
132
-
209
-
total
5 233
-
8 340
-
Corporate
12 855
34 500
-
-
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.

1 928
5 175
-
-
total
1 928
5 175
-
-
Dividends
10 927
29 325
-
-
withholding
2 217
6 081
-
-
total
2 217
6 081
-
-
Income
34 500
34 500
34 500
34 500
Total tax
13 847
11 256
16 294
15 947
After tax
20 653
23 244
18 206
18 553
Living cost
11 943
11 943
11 943
11 943
Free-cash
8 710
11 301
6 263
6 610

Estimated living cost  is ₴11943 per week

₴8577
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴168
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.
₴2269
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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