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
₴15466
₴25478
₴17949
₴21662
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
income
-
-
-
14 517
pensions
-
-
-
13 556
unemployment
-
-
-
335
accident
-
-
-
432
other
-
-
-
48
total
-
-
-
28 888
Employee
24 959
-
49 729
-
pensions
1 173
-
2 252
-
other
25
-
48
-
income
5 213
-
13 059
-
unemployment
386
-
742
-
total
6 797
-
16 101
-
Employer
24 959
-
49 729
-
accident
494
-
948
-
unemployment
1 373
-
2 634
-
other
200
-
383
-
pensions
5 890
-
11 305
-
total
7 957
-
15 270
-
Corporate
32 083
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.

4 812
9 750
-
-
total
4 812
9 750
-
-
Dividends
27 271
55 250
-
-
withholding
5 609
11 609
-
-
total
5 609
11 609
-
-
Income
65 000
65 000
65 000
65 000
Total tax
25 175
21 359
31 371
28 888
After tax
39 825
43 641
33 629
36 112
Living cost
18 163
18 163
18 163
18 163
Free-cash
21 662
25 478
15 466
17 949

Estimated living cost  is ₴18163 per week

₴13044
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3451
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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