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
₴ 38000
per

Your estimated
City
free-cash

Madrid , Spain
₴11045
₴7819
₴8799
₴13638
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
-
-
-
38 000
unemployment
-
-
-
221
income
-
-
-
7 784
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 924
total
-
-
-
17 245
Employee
16 431
-
28 814
-
unemployment
254
-
447
-
pensions
772
-
1 354
-
income
3 432
-
7 209
-
other
16
-
29
-
total
4 474
-
9 039
-
Employer
16 431
-
28 814
-
pensions
3 878
-
6 800
-
accident
325
-
571
-
unemployment
904
-
1 585
-
other
132
-
230
-
total
5 239
-
9 186
-
Corporate
16 331
38 000
-
-
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.

2 449
5 700
-
-
total
2 449
5 700
-
-
Dividends
13 882
32 300
-
-
withholding
2 837
6 706
-
-
total
2 837
6 706
-
-
Income
38 000
38 000
38 000
38 000
Total tax
14 999
12 406
18 225
17 245
After tax
23 001
25 594
19 775
20 755
Living cost
11 956
11 956
11 956
11 956
Free-cash
11 045
13 638
7 819
8 799

Estimated living cost  is ₴11956 per week

₴8587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴169
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.
₴2272
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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