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
₴ 54500
per

Your estimated
City
free-cash

Madrid , Spain
₴22127
₴17265
₴18693
₴24440
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
-
-
-
54 500
unemployment
-
-
-
221
income
-
-
-
14 396
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 921
total
-
-
-
23 854
Employee
16 426
-
44 450
-
unemployment
254
-
489
-
pensions
772
-
1 482
-
income
3 431
-
13 229
-
other
16
-
32
-
total
4 473
-
15 232
-
Employer
16 426
-
44 450
-
pensions
3 877
-
7 440
-
accident
325
-
624
-
unemployment
904
-
1 734
-
other
132
-
252
-
total
5 238
-
10 050
-
Corporate
32 836
54 500
-
-
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.

4 925
8 175
-
-
total
4 925
8 175
-
-
Dividends
27 911
46 325
-
-
withholding
5 784
9 932
-
-
total
5 784
9 932
-
-
Income
54 500
54 500
54 500
54 500
Total tax
20 420
18 107
25 282
23 854
After tax
34 080
36 393
29 218
30 646
Living cost
11 953
11 953
11 953
11 953
Free-cash
22 127
24 440
17 265
18 693

Estimated living cost  is ₴11953 per week

₴8584
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴929
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.
₴2271
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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