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
₴27120
₴21388
₴22814
₴29346
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
unemployment
-
-
-
221
income
-
-
-
17 769
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 924
total
-
-
-
27 230
Employee
16 431
-
51 947
-
unemployment
254
-
489
-
pensions
772
-
1 482
-
income
3 432
-
16 601
-
other
16
-
32
-
total
4 474
-
18 604
-
Employer
16 431
-
51 947
-
pensions
3 878
-
7 442
-
accident
325
-
624
-
unemployment
904
-
1 734
-
other
132
-
252
-
total
5 239
-
10 052
-
Corporate
40 331
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.

6 049
9 300
-
-
total
6 049
9 300
-
-
Dividends
34 282
52 700
-
-
withholding
7 162
11 398
-
-
total
7 162
11 398
-
-
Income
62 000
62 000
62 000
62 000
Total tax
22 924
20 698
28 656
27 230
After tax
39 076
41 302
33 344
34 770
Living cost
11 956
11 956
11 956
11 956
Free-cash
27 120
29 346
21 388
22 814

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Estimated living cost  is ₴11956 per week

₴8587
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴169
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.
₴2272
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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