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
₴ 69000
per

Your estimated
City
free-cash

Madrid , Spain
₴31100
₴28220
₴23825
₴22038
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
-
-
-
69 000
accident
-
-
-
356
income
-
-
-
18 369
pensions
-
-
-
11 169
other
-
-
-
40
unemployment
-
-
-
276
total
-
-
-
30 210
Employee
20 565
-
56 418
-
other
20
-
40
-
income
4 295
-
16 908
-
pensions
966
-
1 855
-
unemployment
318
-
612
-
total
5 599
-
19 415
-
Employer
20 565
-
56 418
-
accident
407
-
781
-
other
165
-
316
-
unemployment
1 131
-
2 170
-
pensions
4 853
-
9 315
-
total
6 556
-
12 582
-
Corporate
41 878
69 000
-
-
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.

6 282
10 350
-
-
total
6 282
10 350
-
-
Dividends
35 597
58 650
-
-
withholding
7 378
12 585
-
-
total
7 378
12 585
-
-
Income
69 000
69 000
69 000
69 000
Total tax
25 815
22 935
31 997
30 210
After tax
43 185
46 065
37 003
38 790
Living cost
14 965
14 965
14 965
14 965
Free-cash
28 220
31 100
22 038
23 825

Estimated living cost  is ₴14965 per week

₴10747
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1164
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
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.
₴2844
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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