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
₴28479
₴25528
₴21621
₴19833
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
-
-
-
356
income
-
-
-
16 566
pensions
-
-
-
11 172
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
28 410
Employee
20 570
-
52 414
-
other
20
-
40
-
income
4 296
-
15 104
-
pensions
967
-
1 856
-
unemployment
318
-
612
-
total
5 601
-
17 612
-
Employer
20 570
-
52 414
-
accident
407
-
782
-
other
165
-
316
-
unemployment
1 132
-
2 171
-
pensions
4 854
-
9 317
-
total
6 558
-
12 586
-
Corporate
37 871
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.

5 681
9 750
-
-
total
5 681
9 750
-
-
Dividends
32 191
55 250
-
-
withholding
6 663
11 802
-
-
total
6 663
11 802
-
-
Income
65 000
65 000
65 000
65 000
Total tax
24 503
21 552
30 198
28 410
After tax
40 497
43 448
34 802
36 590
Living cost
14 969
14 969
14 969
14 969
Free-cash
25 528
28 479
19 833
21 621

Estimated living cost  is ₴14969 per week

₴10750
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
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.
₴2844
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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