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
₴28454
₴22511
₴23936
₴30676
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
unemployment
-
-
-
220
income
-
-
-
18 687
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 907
total
-
-
-
28 130
Employee
16 400
-
53 966
-
unemployment
254
-
488
-
pensions
771
-
1 480
-
income
3 425
-
17 521
-
other
16
-
32
-
total
4 466
-
19 521
-
Employer
16 400
-
53 966
-
pensions
3 870
-
7 428
-
accident
325
-
623
-
unemployment
902
-
1 731
-
other
131
-
252
-
total
5 228
-
10 034
-
Corporate
42 371
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.

6 356
9 600
-
-
total
6 356
9 600
-
-
Dividends
36 015
54 400
-
-
withholding
7 562
11 790
-
-
total
7 562
11 790
-
-
Income
64 000
64 000
64 000
64 000
Total tax
23 612
21 390
29 555
28 130
After tax
40 388
42 610
34 445
35 870
Living cost
11 934
11 934
11 934
11 934
Free-cash
28 454
30 676
22 511
23 936

Estimated living cost  is ₴11934 per week

₴8571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴168
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.
₴2268
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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