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
₴24750
₴20894
₴17221
₴14726
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
-
-
-
337
accident
-
-
-
433
income
-
-
-
14 106
pensions
-
-
-
13 614
other
-
-
-
48
total
-
-
-
28 538
Employee
25 067
-
48 663
-
pensions
1 178
-
2 261
-
unemployment
388
-
746
-
income
5 236
-
12 641
-
other
25
-
48
-
total
6 827
-
15 696
-
Employer
25 067
-
48 663
-
pensions
5 916
-
11 354
-
accident
496
-
952
-
other
201
-
385
-
unemployment
1 379
-
2 646
-
total
7 992
-
15 337
-
Corporate
30 941
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.

4 641
9 600
-
-
total
4 641
9 600
-
-
Dividends
26 300
54 400
-
-
withholding
5 405
11 409
-
-
total
5 405
11 409
-
-
Income
64 000
64 000
64 000
64 000
Total tax
24 865
21 009
31 033
28 538
After tax
39 135
42 991
32 967
35 462
Living cost
18 241
18 241
18 241
18 241
Free-cash
20 894
24 750
14 726
17 221

Estimated living cost  is ₴18241 per week

₴13100
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴3466
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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