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
₴ 64000
per

Your estimated
City
free-cash

Madrid , Spain
₴14877
₴24851
₴17356
₴21023
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
-
-
-
64 000
other
-
-
-
48
accident
-
-
-
431
income
-
-
-
14 162
pensions
-
-
-
13 534
unemployment
-
-
-
335
total
-
-
-
28 510
Employee
24 920
-
48 753
-
income
5 205
-
12 705
-
other
24
-
48
-
pensions
1 171
-
2 248
-
unemployment
386
-
741
-
total
6 786
-
15 742
-
Employer
24 920
-
48 753
-
other
200
-
383
-
unemployment
1 371
-
2 630
-
accident
494
-
947
-
pensions
5 881
-
11 287
-
total
7 946
-
15 247
-
Corporate
31 135
64 000
-
-
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.

4 671
9 600
-
-
total
4 671
9 600
-
-
Dividends
26 464
54 400
-
-
withholding
5 440
11 415
-
-
total
5 440
11 415
-
-
Income
64 000
64 000
64 000
64 000
Total tax
24 843
21 015
30 989
28 510
After tax
39 157
42 985
33 011
35 490
Living cost
18 134
18 134
18 134
18 134
Free-cash
21 023
24 851
14 877
17 356

Estimated living cost  is ₴18134 per week

₴13023
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1410
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.
₴3446
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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