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
₴27447
₴21663
₴23089
₴29673
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
unemployment
-
-
-
221
income
-
-
-
17 994
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 924
total
-
-
-
27 455
Employee
16 431
-
52 447
-
unemployment
254
-
489
-
pensions
772
-
1 482
-
income
3 432
-
16 826
-
other
16
-
32
-
total
4 474
-
18 829
-
Employer
16 431
-
52 447
-
pensions
3 878
-
7 442
-
accident
325
-
624
-
unemployment
904
-
1 734
-
other
132
-
252
-
total
5 239
-
10 052
-
Corporate
40 831
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.

6 125
9 375
-
-
total
6 125
9 375
-
-
Dividends
34 706
53 125
-
-
withholding
7 259
11 496
-
-
total
7 259
11 496
-
-
Income
62 500
62 500
62 500
62 500
Total tax
23 097
20 871
28 881
27 455
After tax
39 403
41 629
33 619
35 045
Living cost
11 956
11 956
11 956
11 956
Free-cash
27 447
29 673
21 663
23 089

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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