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
₴ 67000
per

Your estimated
City
free-cash

Madrid , Spain
₴27518
₴17817
₴20195
₴23945
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
-
-
-
67 000
accident
-
-
-
413
income
-
-
-
15 665
other
-
-
-
46
unemployment
-
-
-
321
pensions
-
-
-
12 975
total
-
-
-
29 420
Employee
23 890
-
52 383
-
other
23
-
46
-
unemployment
370
-
711
-
pensions
1 123
-
2 155
-
income
4 990
-
14 269
-
total
6 506
-
17 181
-
Employer
23 890
-
52 383
-
pensions
5 638
-
10 821
-
accident
473
-
908
-
unemployment
1 314
-
2 521
-
other
192
-
367
-
total
7 617
-
14 617
-
Corporate
35 493
67 000
-
-
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.

5 324
10 050
-
-
total
5 324
10 050
-
-
Dividends
30 169
56 950
-
-
withholding
6 223
12 047
-
-
total
6 223
12 047
-
-
Income
67 000
67 000
67 000
67 000
Total tax
25 670
22 097
31 798
29 420
After tax
41 330
44 903
35 202
37 580
Living cost
17 385
17 385
17 385
17 385
Free-cash
23 945
27 518
17 817
20 195

Estimated living cost  is ₴17385 per week

₴12485
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3303
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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