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
₴ 54000
per

Your estimated
City
free-cash

Madrid , Spain
₴21815
₴17011
₴18436
₴24131
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
-
-
-
54 000
unemployment
-
-
-
220
income
-
-
-
14 187
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 907
total
-
-
-
23 630
Employee
16 400
-
43 966
-
unemployment
254
-
488
-
pensions
771
-
1 480
-
income
3 425
-
13 021
-
other
16
-
32
-
total
4 466
-
15 021
-
Employer
16 400
-
43 966
-
pensions
3 870
-
7 428
-
accident
325
-
623
-
unemployment
902
-
1 731
-
other
131
-
252
-
total
5 228
-
10 034
-
Corporate
32 371
54 000
-
-
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.

4 856
8 100
-
-
total
4 856
8 100
-
-
Dividends
27 515
45 900
-
-
withholding
5 701
9 835
-
-
total
5 701
9 835
-
-
Income
54 000
54 000
54 000
54 000
Total tax
20 251
17 935
25 055
23 630
After tax
33 749
36 065
28 945
30 370
Living cost
11 934
11 934
11 934
11 934
Free-cash
21 815
24 131
17 011
18 436

Estimated living cost  is ₴11934 per week

₴8571
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.
₴2268
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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