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
₴ 70000
per

Your estimated
City
free-cash

Madrid , Spain
₴31638
₴28740
₴24258
₴22455
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
-
-
-
70 000
accident
-
-
-
358
income
-
-
-
18 714
pensions
-
-
-
11 262
other
-
-
-
40
unemployment
-
-
-
279
total
-
-
-
30 653
Employee
20 735
-
57 313
-
other
20
-
40
-
income
4 331
-
17 241
-
pensions
974
-
1 871
-
unemployment
321
-
617
-
total
5 646
-
19 769
-
Employer
20 735
-
57 313
-
accident
411
-
788
-
other
166
-
319
-
unemployment
1 141
-
2 188
-
pensions
4 893
-
9 392
-
total
6 611
-
12 687
-
Corporate
42 654
70 000
-
-
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.

6 398
10 500
-
-
total
6 398
10 500
-
-
Dividends
36 256
59 500
-
-
withholding
7 516
12 773
-
-
total
7 516
12 773
-
-
Income
70 000
70 000
70 000
70 000
Total tax
26 171
23 273
32 456
30 653
After tax
43 829
46 727
37 544
39 347
Living cost
15 089
15 089
15 089
15 089
Free-cash
28 740
31 638
22 455
24 258

Estimated living cost  is ₴15089 per week

₴10836
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1173
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴213
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.
₴2867
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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