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
₴21612
₴25440
₴15409
₴17899
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
other
-
-
-
48
unemployment
-
-
-
336
income
-
-
-
14 496
pensions
-
-
-
13 586
accident
-
-
-
432
total
-
-
-
28 898
Employee
25 014
-
49 695
-
unemployment
387
-
744
-
other
25
-
48
-
pensions
1 176
-
2 257
-
income
5 225
-
13 035
-
total
6 813
-
16 084
-
Employer
25 014
-
49 695
-
other
201
-
384
-
accident
495
-
950
-
pensions
5 903
-
11 330
-
unemployment
1 376
-
2 640
-
total
7 975
-
15 304
-
Corporate
32 011
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.

4 801
9 750
-
-
total
4 801
9 750
-
-
Dividends
27 209
55 250
-
-
withholding
5 596
11 607
-
-
total
5 596
11 607
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 185
21 357
31 388
28 898
After tax
39 815
43 643
33 612
36 102
Living cost
18 203
18 203
18 203
18 203
Free-cash
21 612
25 440
15 409
17 899

Estimated living cost  is ₴18203 per week

₴13072
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1415
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.
₴3459
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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