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
₴ 58000
per

Your estimated
City
free-cash

Madrid , Spain
₴24492
₴19204
₴20628
₴26742
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
-
-
-
58 000
unemployment
-
-
-
221
income
-
-
-
15 982
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 912
total
-
-
-
25 431
Employee
16 409
-
47 960
-
unemployment
254
-
488
-
pensions
771
-
1 480
-
income
3 427
-
14 816
-
other
16
-
32
-
total
4 468
-
16 816
-
Employer
16 409
-
47 960
-
pensions
3 872
-
7 432
-
accident
325
-
623
-
unemployment
903
-
1 732
-
other
132
-
252
-
total
5 232
-
10 039
-
Corporate
36 360
58 000
-
-
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.

5 454
8 700
-
-
total
5 454
8 700
-
-
Dividends
30 906
49 300
-
-
withholding
6 413
10 617
-
-
total
6 413
10 617
-
-
Income
58 000
58 000
58 000
58 000
Total tax
21 567
19 317
26 855
25 431
After tax
36 433
38 683
31 145
32 569
Living cost
11 941
11 941
11 941
11 941
Free-cash
24 492
26 742
19 204
20 628

Estimated living cost  is ₴11941 per week

₴8575
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.
₴2269
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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