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
₴ 62000
per

Your estimated
City
free-cash

Madrid , Spain
₴16150
₴23582
₴19735
₴13844
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
-
-
-
62 000
accident
-
-
-
430
other
-
-
-
48
pensions
-
-
-
13 502
unemployment
-
-
-
334
income
-
-
-
13 445
total
-
-
-
27 759
Employee
24 860
-
47 012
-
pensions
1 168
-
2 210
-
unemployment
385
-
729
-
other
24
-
47
-
income
5 192
-
12 091
-
total
6 769
-
15 077
-
Employer
24 860
-
47 012
-
accident
492
-
931
-
pensions
5 867
-
11 095
-
other
199
-
376
-
unemployment
1 368
-
2 586
-
total
7 926
-
14 988
-
Corporate
29 214
62 000
-
-
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.

4 382
9 300
-
-
total
4 382
9 300
-
-
Dividends
24 832
52 700
-
-
withholding
5 097
11 027
-
-
total
5 097
11 027
-
-
Income
62 000
62 000
62 000
62 000
Total tax
24 174
20 327
30 065
27 759
After tax
37 826
41 673
31 935
34 241
Living cost
18 091
18 091
18 091
18 091
Free-cash
19 735
23 582
13 844
16 150

Estimated living cost  is ₴18091 per week

₴12992
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1407
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3438
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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Source of data for Madrid model

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