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
₴ 38500
per

Your estimated
City
free-cash

Madrid , Spain
₴11398
₴8055
₴9132
₴13979
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
-
-
-
38 500
unemployment
-
-
-
221
income
-
-
-
7 978
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 912
total
-
-
-
17 427
Employee
16 409
-
29 192
-
unemployment
254
-
453
-
pensions
771
-
1 372
-
income
3 427
-
7 344
-
other
16
-
29
-
total
4 468
-
9 198
-
Employer
16 409
-
29 192
-
pensions
3 872
-
6 889
-
accident
325
-
578
-
unemployment
903
-
1 605
-
other
132
-
234
-
total
5 232
-
9 306
-
Corporate
16 860
38 500
-
-
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.

2 529
5 775
-
-
total
2 529
5 775
-
-
Dividends
14 331
32 725
-
-
withholding
2 932
6 805
-
-
total
2 932
6 805
-
-
Income
38 500
38 500
38 500
38 500
Total tax
15 161
12 580
18 504
17 427
After tax
23 339
25 920
19 996
21 073
Living cost
11 941
11 941
11 941
11 941
Free-cash
11 398
13 979
8 055
9 132

Estimated living cost  is ₴11941 per week

₴8575
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
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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