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
₴ 65500
per

Your estimated
City
free-cash

Madrid , Spain
₴29412
₴23314
₴24741
₴31639
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
-
-
-
65 500
unemployment
-
-
-
221
income
-
-
-
19 346
other
-
-
-
32
accident
-
-
-
284
pensions
-
-
-
8 922
total
-
-
-
28 805
Employee
16 427
-
55 449
-
unemployment
254
-
489
-
pensions
772
-
1 482
-
income
3 431
-
18 178
-
other
16
-
32
-
total
4 473
-
20 181
-
Employer
16 427
-
55 449
-
pensions
3 877
-
7 441
-
accident
325
-
624
-
unemployment
904
-
1 734
-
other
132
-
252
-
total
5 238
-
10 051
-
Corporate
43 835
65 500
-
-
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.

6 576
9 825
-
-
total
6 576
9 825
-
-
Dividends
37 260
55 675
-
-
withholding
7 847
12 082
-
-
total
7 847
12 082
-
-
Income
65 500
65 500
65 500
65 500
Total tax
24 134
21 907
30 232
28 805
After tax
41 366
43 593
35 268
36 695
Living cost
11 954
11 954
11 954
11 954
Free-cash
29 412
31 639
23 314
24 741

Estimated living cost  is ₴11954 per week

₴8585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴930
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴168
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.
₴2271
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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