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
₴19640
₴23510
₴13785
₴16052
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
other
-
-
-
48
unemployment
-
-
-
336
income
-
-
-
13 404
pensions
-
-
-
13 560
accident
-
-
-
432
total
-
-
-
27 780
Employee
24 967
-
47 012
-
unemployment
387
-
729
-
other
25
-
47
-
pensions
1 173
-
2 209
-
income
5 215
-
12 073
-
total
6 800
-
15 058
-
Employer
24 967
-
47 012
-
other
200
-
377
-
accident
494
-
931
-
pensions
5 892
-
11 095
-
unemployment
1 373
-
2 586
-
total
7 959
-
14 989
-
Corporate
29 073
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.

4 361
9 300
-
-
total
4 361
9 300
-
-
Dividends
24 712
52 700
-
-
withholding
5 072
11 022
-
-
total
5 072
11 022
-
-
Income
62 000
62 000
62 000
62 000
Total tax
24 192
20 322
30 047
27 780
After tax
37 808
41 678
31 953
34 220
Living cost
18 168
18 168
18 168
18 168
Free-cash
19 640
23 510
13 785
16 052

Estimated living cost  is ₴18168 per week

₴13048
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1413
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3452
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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