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
₴ 71000
per

Your estimated
City
free-cash

Madrid , Spain
₴18903
₴29176
₴21421
₴25392
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
-
-
-
71 000
pensions
-
-
-
13 738
accident
-
-
-
437
unemployment
-
-
-
340
other
-
-
-
49
income
-
-
-
16 608
total
-
-
-
31 172
Employee
25 295
-
55 523
-
unemployment
392
-
752
-
pensions
1 189
-
2 282
-
other
25
-
49
-
income
5 283
-
15 130
-
total
6 889
-
18 213
-
Employer
25 295
-
55 523
-
pensions
5 970
-
11 457
-
other
203
-
389
-
unemployment
1 392
-
2 670
-
accident
501
-
961
-
total
8 066
-
15 477
-
Corporate
37 640
71 000
-
-
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.

5 646
10 650
-
-
total
5 646
10 650
-
-
Dividends
31 994
60 350
-
-
withholding
6 600
12 767
-
-
total
6 600
12 767
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 201
23 417
33 690
31 172
After tax
43 799
47 583
37 310
39 828
Living cost
18 407
18 407
18 407
18 407
Free-cash
25 392
29 176
18 903
21 421

Estimated living cost  is ₴18407 per week

₴13219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3498
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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