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
₴ 62500
per

Your estimated
City
free-cash

Madrid , Spain
₴13678
₴15820
₴23431
₴19452
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
-
-
-
62 500
accident
-
-
-
442
income
-
-
-
13 362
unemployment
-
-
-
343
other
-
-
-
49
pensions
-
-
-
13 883
total
-
-
-
28 079
Employee
25 561
-
47 392
-
income
5 339
-
12 104
-
pensions
1 201
-
2 228
-
unemployment
396
-
734
-
other
25
-
47
-
total
6 961
-
15 113
-
Employer
25 561
-
47 392
-
other
205
-
379
-
unemployment
1 406
-
2 606
-
pensions
6 032
-
11 185
-
accident
506
-
938
-
total
8 149
-
15 108
-
Corporate
28 789
62 500
-
-
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.

4 319
9 375
-
-
total
4 319
9 375
-
-
Dividends
24 470
53 125
-
-
withholding
5 018
11 093
-
-
total
5 018
11 093
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 447
20 468
30 221
28 079
After tax
38 053
42 032
32 279
34 421
Living cost
18 601
18 601
18 601
18 601
Free-cash
19 452
23 431
13 678
15 820

Estimated living cost  is ₴18601 per week

₴13358
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1446
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴262
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.
₴3534
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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Estimated living cost

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