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
₴22287
₴25964
₴16190
₴18604
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
-
-
-
47
unemployment
-
-
-
326
income
-
-
-
14 788
pensions
-
-
-
13 170
accident
-
-
-
419
total
-
-
-
28 750
Employee
24 250
-
50 163
-
unemployment
375
-
721
-
other
24
-
47
-
pensions
1 140
-
2 188
-
income
5 065
-
13 371
-
total
6 604
-
16 327
-
Employer
24 250
-
50 163
-
other
194
-
373
-
accident
480
-
921
-
pensions
5 723
-
10 984
-
unemployment
1 334
-
2 559
-
total
7 731
-
14 837
-
Corporate
33 019
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.

4 953
9 750
-
-
total
4 953
9 750
-
-
Dividends
28 066
55 250
-
-
withholding
5 779
11 640
-
-
total
5 779
11 640
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 067
21 390
31 164
28 750
After tax
39 933
43 610
33 836
36 250
Living cost
17 646
17 646
17 646
17 646
Free-cash
22 287
25 964
16 190
18 604

Estimated living cost  is ₴17646 per week

₴12673
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1372
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴249
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.
₴3353
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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