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
₴26622
₴20326
₴30129
₴22634
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
accident
-
-
-
413
income
-
-
-
17 212
pensions
-
-
-
12 981
other
-
-
-
46
unemployment
-
-
-
321
total
-
-
-
30 973
Employee
23 902
-
56 376
-
unemployment
370
-
711
-
pensions
1 123
-
2 156
-
income
4 992
-
15 744
-
other
23
-
46
-
total
6 508
-
18 657
-
Employer
23 902
-
56 376
-
pensions
5 641
-
10 826
-
other
192
-
367
-
unemployment
1 315
-
2 523
-
accident
473
-
908
-
total
7 621
-
14 624
-
Corporate
39 478
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.

5 922
10 650
-
-
total
5 922
10 650
-
-
Dividends
33 556
60 350
-
-
withholding
6 934
12 828
-
-
total
6 934
12 828
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 985
23 478
33 281
30 973
After tax
44 015
47 522
37 719
40 027
Living cost
17 393
17 393
17 393
17 393
Free-cash
26 622
30 129
20 326
22 634

Estimated living cost  is ₴17393 per week

₴12491
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1352
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴245
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.
₴3305
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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