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
₴23254
₴26980
₴17014
₴19469
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
other
-
-
-
48
income
-
-
-
15 365
unemployment
-
-
-
332
pensions
-
-
-
13 402
accident
-
-
-
427
total
-
-
-
29 574
Employee
24 676
-
51 902
-
other
24
-
48
-
unemployment
382
-
734
-
pensions
1 160
-
2 226
-
income
5 154
-
13 923
-
total
6 720
-
16 931
-
Employer
24 676
-
51 902
-
other
198
-
379
-
accident
489
-
938
-
unemployment
1 357
-
2 604
-
pensions
5 823
-
11 177
-
total
7 867
-
15 098
-
Corporate
34 456
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.

5 168
10 050
-
-
total
5 168
10 050
-
-
Dividends
29 288
56 950
-
-
withholding
6 034
12 013
-
-
total
6 034
12 013
-
-
Income
67 000
67 000
67 000
67 000
Total tax
25 789
22 063
32 029
29 574
After tax
41 211
44 937
34 971
37 426
Living cost
17 957
17 957
17 957
17 957
Free-cash
23 254
26 980
17 014
19 469

Estimated living cost  is ₴17957 per week

₴12896
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3412
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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