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
₴ 60000
per

Your estimated
City
free-cash

Madrid , Spain
₴25819
₴20296
₴21721
₴28044
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
-
-
-
60 000
unemployment
-
-
-
221
income
-
-
-
16 875
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 918
total
-
-
-
26 330
Employee
16 421
-
49 953
-
unemployment
254
-
488
-
pensions
772
-
1 481
-
income
3 430
-
15 708
-
other
16
-
32
-
total
4 472
-
17 709
-
Employer
16 421
-
49 953
-
pensions
3 875
-
7 437
-
accident
325
-
624
-
unemployment
903
-
1 733
-
other
132
-
252
-
total
5 235
-
10 046
-
Corporate
38 344
60 000
-
-
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.

5 751
9 000
-
-
total
5 751
9 000
-
-
Dividends
32 593
51 000
-
-
withholding
6 774
11 007
-
-
total
6 774
11 007
-
-
Income
60 000
60 000
60 000
60 000
Total tax
22 232
20 007
27 755
26 330
After tax
37 768
39 993
32 245
33 670
Living cost
11 949
11 949
11 949
11 949
Free-cash
25 819
28 044
20 296
21 721

Estimated living cost  is ₴11949 per week

₴8581
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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