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
₴ 48500
per

Your estimated
City
free-cash

Madrid , Spain
₴18137
₴13828
₴15423
₴20543
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
-
-
-
48 500
unemployment
-
-
-
220
income
-
-
-
11 724
other
-
-
-
32
accident
-
-
-
283
pensions
-
-
-
8 897
total
-
-
-
21 156
Employee
16 381
-
38 477
-
unemployment
254
-
487
-
pensions
770
-
1 478
-
income
3 421
-
10 731
-
other
16
-
32
-
total
4 461
-
12 728
-
Employer
16 381
-
38 477
-
pensions
3 866
-
7 420
-
accident
324
-
622
-
unemployment
901
-
1 729
-
other
131
-
252
-
total
5 222
-
10 023
-
Corporate
26 896
48 500
-
-
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.

4 035
7 275
-
-
total
4 035
7 275
-
-
Dividends
22 861
41 225
-
-
withholding
4 724
8 761
-
-
total
4 724
8 761
-
-
Income
48 500
48 500
48 500
48 500
Total tax
18 442
16 036
22 751
21 156
After tax
30 058
32 464
25 749
27 344
Living cost
11 921
11 921
11 921
11 921
Free-cash
18 137
20 543
13 828
15 423

Estimated living cost  is ₴11921 per week

₴8561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴927
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.
₴2265
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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