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
₴20391
₴24308
₴17865
₴28132
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
other
-
-
-
49
pensions
-
-
-
13 787
income
-
-
-
16 020
accident
-
-
-
439
unemployment
-
-
-
341
total
-
-
-
30 636
Employee
25 385
-
53 968
-
pensions
1 193
-
2 290
-
income
5 302
-
14 536
-
other
25
-
49
-
unemployment
393
-
755
-
total
6 913
-
17 630
-
Employer
25 385
-
53 968
-
pensions
5 991
-
11 498
-
other
203
-
390
-
unemployment
1 396
-
2 679
-
accident
503
-
965
-
total
8 093
-
15 532
-
Corporate
36 022
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.

5 403
10 425
-
-
total
5 403
10 425
-
-
Dividends
30 618
59 075
-
-
withholding
6 310
12 470
-
-
total
6 310
12 470
-
-
Income
69 500
69 500
69 500
69 500
Total tax
26 719
22 895
33 162
30 636
After tax
42 781
46 605
36 338
38 864
Living cost
18 473
18 473
18 473
18 473
Free-cash
24 308
28 132
17 865
20 391

Estimated living cost  is ₴18473 per week

₴13266
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1436
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3510
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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