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
₴16117
₴19734
₴13856
₴23650
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
other
-
-
-
49
pensions
-
-
-
13 708
income
-
-
-
13 484
accident
-
-
-
436
unemployment
-
-
-
339
total
-
-
-
28 016
Employee
25 240
-
47 391
-
pensions
1 186
-
2 227
-
income
5 272
-
12 159
-
other
25
-
48
-
unemployment
391
-
735
-
total
6 874
-
15 169
-
Employer
25 240
-
47 391
-
pensions
5 957
-
11 184
-
other
202
-
380
-
unemployment
1 388
-
2 606
-
accident
500
-
938
-
total
8 047
-
15 108
-
Corporate
29 213
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.

4 382
9 375
-
-
total
4 382
9 375
-
-
Dividends
24 831
53 125
-
-
withholding
5 096
11 108
-
-
total
5 096
11 108
-
-
Income
62 500
62 500
62 500
62 500
Total tax
24 399
20 483
30 277
28 016
After tax
38 101
42 017
32 223
34 484
Living cost
18 367
18 367
18 367
18 367
Free-cash
19 734
23 650
13 856
16 117

Estimated living cost  is ₴18367 per week

₴13190
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1428
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3490
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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