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
₴ 66000
per

Your estimated
City
free-cash

Madrid , Spain
₴22025
₴20219
₴26011
₴28988
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
-
-
-
66 000
other
-
-
-
40
unemployment
-
-
-
279
accident
-
-
-
359
income
-
-
-
16 885
pensions
-
-
-
11 288
total
-
-
-
28 851
Employee
20 783
-
53 284
-
income
4 341
-
15 408
-
pensions
977
-
1 875
-
unemployment
322
-
618
-
other
20
-
40
-
total
5 660
-
17 941
-
Employer
20 783
-
53 284
-
pensions
4 905
-
9 413
-
other
167
-
319
-
accident
412
-
790
-
unemployment
1 143
-
2 194
-
total
6 627
-
12 716
-
Corporate
38 591
66 000
-
-
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.

5 788
9 900
-
-
total
5 788
9 900
-
-
Dividends
32 802
56 100
-
-
withholding
6 790
11 988
-
-
total
6 790
11 988
-
-
Income
66 000
66 000
66 000
66 000
Total tax
24 865
21 888
30 657
28 851
After tax
41 135
44 112
35 343
37 149
Living cost
15 124
15 124
15 124
15 124
Free-cash
26 011
28 988
20 219
22 025

Estimated living cost  is ₴15124 per week

₴10861
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1176
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
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.
₴2874
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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