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
₴29215
₴23162
₴24574
₴31418
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
unemployment
-
-
-
219
income
-
-
-
19 218
other
-
-
-
31
accident
-
-
-
281
pensions
-
-
-
8 837
total
-
-
-
28 586
Employee
16 270
-
55 045
-
unemployment
252
-
484
-
pensions
765
-
1 468
-
income
3 398
-
18 061
-
other
16
-
31
-
total
4 431
-
20 044
-
Employer
16 270
-
55 045
-
pensions
3 840
-
7 369
-
accident
322
-
618
-
unemployment
895
-
1 717
-
other
130
-
250
-
total
5 187
-
9 954
-
Corporate
43 542
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.

6 531
9 750
-
-
total
6 531
9 750
-
-
Dividends
37 011
55 250
-
-
withholding
7 796
11 992
-
-
total
7 796
11 992
-
-
Income
65 000
65 000
65 000
65 000
Total tax
23 945
21 742
29 998
28 586
After tax
41 055
43 258
35 002
36 414
Living cost
11 840
11 840
11 840
11 840
Free-cash
29 215
31 418
23 162
24 574

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Estimated living cost  is ₴11840 per week

₴8503
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴921
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴167
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.
₴2250
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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