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
₴ 61000
per

Your estimated
City
free-cash

Madrid , Spain
₴26582
₴20949
₴22363
₴28789
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
-
-
-
61 000
unemployment
-
-
-
219
income
-
-
-
17 407
other
-
-
-
31
accident
-
-
-
282
pensions
-
-
-
8 846
total
-
-
-
26 785
Employee
16 287
-
51 035
-
unemployment
252
-
484
-
pensions
765
-
1 469
-
income
3 402
-
16 250
-
other
16
-
31
-
total
4 435
-
18 234
-
Employer
16 287
-
51 035
-
pensions
3 844
-
7 377
-
accident
323
-
619
-
unemployment
896
-
1 719
-
other
131
-
250
-
total
5 194
-
9 965
-
Corporate
39 520
61 000
-
-
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.

5 928
9 150
-
-
total
5 928
9 150
-
-
Dividends
33 592
51 850
-
-
withholding
7 009
11 209
-
-
total
7 009
11 209
-
-
Income
61 000
61 000
61 000
61 000
Total tax
22 566
20 359
28 199
26 785
After tax
38 434
40 641
32 801
34 215
Living cost
11 852
11 852
11 852
11 852
Free-cash
26 582
28 789
20 949
22 363

Estimated living cost  is ₴11852 per week

₴8512
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴922
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴167
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.
₴2252
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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