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
₴ 46500
per

Your estimated
City
free-cash

Madrid , Spain
₴16813
₴12587
₴14216
₴19247
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
-
-
-
46 500
unemployment
-
-
-
220
income
-
-
-
10 956
other
-
-
-
32
accident
-
-
-
283
pensions
-
-
-
8 886
total
-
-
-
20 377
Employee
16 362
-
36 489
-
unemployment
253
-
487
-
pensions
769
-
1 476
-
income
3 417
-
10 000
-
other
16
-
32
-
total
4 455
-
11 995
-
Employer
16 362
-
36 489
-
pensions
3 861
-
7 411
-
accident
324
-
622
-
unemployment
900
-
1 727
-
other
131
-
251
-
total
5 216
-
10 011
-
Corporate
24 921
46 500
-
-
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.

3 738
6 975
-
-
total
3 738
6 975
-
-
Dividends
21 184
39 525
-
-
withholding
4 371
8 371
-
-
total
4 371
8 371
-
-
Income
46 500
46 500
46 500
46 500
Total tax
17 780
15 346
22 006
20 377
After tax
28 720
31 154
24 494
26 123
Living cost
11 907
11 907
11 907
11 907
Free-cash
16 813
19 247
12 587
14 216

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Estimated living cost  is ₴11907 per week

₴8551
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
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.
₴2262
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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