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
₴ 40500
per

Your estimated
City
free-cash

Madrid , Spain
₴12869
₴9031
₴10528
₴15388
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
-
-
-
40 500
unemployment
-
-
-
219
income
-
-
-
8 773
other
-
-
-
31
accident
-
-
-
281
pensions
-
-
-
8 833
total
-
-
-
18 137
Employee
16 263
-
30 710
-
unemployment
252
-
476
-
pensions
764
-
1 444
-
income
3 397
-
7 894
-
other
16
-
31
-
total
4 429
-
9 845
-
Employer
16 263
-
30 710
-
pensions
3 838
-
7 247
-
accident
322
-
608
-
unemployment
895
-
1 689
-
other
130
-
245
-
total
5 185
-
9 789
-
Corporate
19 051
40 500
-
-
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.

2 858
6 075
-
-
total
2 858
6 075
-
-
Dividends
16 193
34 425
-
-
withholding
3 324
7 202
-
-
total
3 324
7 202
-
-
Income
40 500
40 500
40 500
40 500
Total tax
15 796
13 277
19 634
18 137
After tax
24 704
27 223
20 866
22 363
Living cost
11 835
11 835
11 835
11 835
Free-cash
12 869
15 388
9 031
10 528

Estimated living cost  is ₴11835 per week

₴8499
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴920
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.
₴2249
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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