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
₴ 69500
per

Your estimated
City
free-cash

Madrid , Spain
₴29206
₴19469
₴21838
₴25691
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
-
-
-
69 500
accident
-
-
-
412
income
-
-
-
16 620
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 934
total
-
-
-
30 332
Employee
23 815
-
54 929
-
other
23
-
46
-
unemployment
369
-
708
-
pensions
1 119
-
2 149
-
income
4 974
-
15 227
-
total
6 485
-
18 130
-
Employer
23 815
-
54 929
-
pensions
5 620
-
10 787
-
accident
472
-
905
-
unemployment
1 310
-
2 513
-
other
191
-
366
-
total
7 593
-
14 571
-
Corporate
38 093
69 500
-
-
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.

5 714
10 425
-
-
total
5 714
10 425
-
-
Dividends
32 379
59 075
-
-
withholding
6 687
12 539
-
-
total
6 687
12 539
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 479
22 964
32 701
30 332
After tax
43 021
46 536
36 799
39 168
Living cost
17 330
17 330
17 330
17 330
Free-cash
25 691
29 206
19 469
21 838

Estimated living cost  is ₴17330 per week

₴12446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
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.
₴3293
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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