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
₴ 65000
per

Your estimated
City
free-cash

Madrid , Spain
₴22638
₴16598
₴26236
₴18971
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
-
-
-
65 000
accident
-
-
-
412
income
-
-
-
14 940
pensions
-
-
-
12 954
other
-
-
-
46
unemployment
-
-
-
321
total
-
-
-
28 673
Employee
23 851
-
50 407
-
unemployment
369
-
709
-
pensions
1 121
-
2 152
-
income
4 982
-
13 547
-
other
23
-
46
-
total
6 495
-
16 454
-
Employer
23 851
-
50 407
-
pensions
5 629
-
10 803
-
other
191
-
366
-
unemployment
1 312
-
2 517
-
accident
472
-
906
-
total
7 604
-
14 592
-
Corporate
33 545
65 000
-
-
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.

5 032
9 750
-
-
total
5 032
9 750
-
-
Dividends
28 513
55 250
-
-
withholding
5 875
11 658
-
-
total
5 875
11 658
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 006
21 408
31 046
28 673
After tax
39 994
43 592
33 954
36 327
Living cost
17 356
17 356
17 356
17 356
Free-cash
22 638
26 236
16 598
18 971

Estimated living cost  is ₴17356 per week

₴12465
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1350
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3298
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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