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
₴29055
₴19246
₴21636
₴25496
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
-
-
-
416
income
-
-
-
16 535
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 054
total
-
-
-
30 374
Employee
24 035
-
54 794
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 130
-
2 168
-
income
5 020
-
15 130
-
total
6 546
-
18 059
-
Employer
24 035
-
54 794
-
pensions
5 672
-
10 886
-
accident
476
-
913
-
unemployment
1 322
-
2 537
-
other
193
-
369
-
total
7 663
-
14 705
-
Corporate
37 801
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.

5 670
10 425
-
-
total
5 670
10 425
-
-
Dividends
32 131
59 075
-
-
withholding
6 635
12 530
-
-
total
6 635
12 530
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 514
22 955
32 764
30 374
After tax
42 986
46 545
36 736
39 126
Living cost
17 490
17 490
17 490
17 490
Free-cash
25 496
29 055
19 246
21 636

Estimated living cost  is ₴17490 per week

₴12561
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴246
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.
₴3323
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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