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
₴27639
₴17998
₴20357
₴24103
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
-
-
-
410
income
-
-
-
15 733
other
-
-
-
46
unemployment
-
-
-
319
pensions
-
-
-
12 879
total
-
-
-
29 387
Employee
23 714
-
52 491
-
other
23
-
46
-
unemployment
367
-
705
-
pensions
1 114
-
2 139
-
income
4 953
-
14 347
-
total
6 457
-
17 237
-
Employer
23 714
-
52 491
-
pensions
5 596
-
10 741
-
accident
470
-
901
-
unemployment
1 304
-
2 503
-
other
190
-
364
-
total
7 560
-
14 509
-
Corporate
35 726
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.

5 359
10 050
-
-
total
5 359
10 050
-
-
Dividends
30 367
56 950
-
-
withholding
6 265
12 055
-
-
total
6 265
12 055
-
-
Income
67 000
67 000
67 000
67 000
Total tax
25 641
22 105
31 746
29 387
After tax
41 359
44 895
35 254
37 613
Living cost
17 256
17 256
17 256
17 256
Free-cash
24 103
27 639
17 998
20 357

Estimated living cost  is ₴17256 per week

₴12393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1342
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3279
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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