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
₴ 58500
per

Your estimated
City
free-cash

Madrid , Spain
₴24871
₴19517
₴20939
₴27103
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
-
-
-
58 500
unemployment
-
-
-
220
income
-
-
-
16 237
other
-
-
-
31
accident
-
-
-
283
pensions
-
-
-
8 885
total
-
-
-
25 656
Employee
16 360
-
48 490
-
unemployment
253
-
487
-
pensions
769
-
1 476
-
income
3 417
-
15 074
-
other
16
-
31
-
total
4 455
-
17 068
-
Employer
16 360
-
48 490
-
pensions
3 861
-
7 410
-
accident
324
-
622
-
unemployment
900
-
1 727
-
other
131
-
251
-
total
5 216
-
10 010
-
Corporate
36 924
58 500
-
-
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.

5 539
8 775
-
-
total
5 539
8 775
-
-
Dividends
31 385
49 725
-
-
withholding
6 514
10 717
-
-
total
6 514
10 717
-
-
Income
58 500
58 500
58 500
58 500
Total tax
21 724
19 492
27 078
25 656
After tax
36 776
39 008
31 422
32 844
Living cost
11 905
11 905
11 905
11 905
Free-cash
24 871
27 103
19 517
20 939

Estimated living cost  is ₴11905 per week

₴8550
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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