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
₴ 61500
per

Your estimated
City
free-cash

Madrid , Spain
₴26850
₴21167
₴22589
₴29067
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
-
-
-
61 500
unemployment
-
-
-
220
income
-
-
-
17 587
other
-
-
-
31
accident
-
-
-
283
pensions
-
-
-
8 885
total
-
-
-
27 006
Employee
16 360
-
51 490
-
unemployment
253
-
487
-
pensions
769
-
1 476
-
income
3 417
-
16 424
-
other
16
-
31
-
total
4 455
-
18 418
-
Employer
16 360
-
51 490
-
pensions
3 861
-
7 410
-
accident
324
-
622
-
unemployment
900
-
1 727
-
other
131
-
251
-
total
5 216
-
10 010
-
Corporate
39 924
61 500
-
-
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.

5 989
9 225
-
-
total
5 989
9 225
-
-
Dividends
33 935
52 275
-
-
withholding
7 085
11 303
-
-
total
7 085
11 303
-
-
Income
61 500
61 500
61 500
61 500
Total tax
22 745
20 528
28 428
27 006
After tax
38 755
40 972
33 072
34 494
Living cost
11 905
11 905
11 905
11 905
Free-cash
26 850
29 067
21 167
22 589

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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