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
₴30170
₴20388
₴22675
₴26676
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
-
-
-
412
income
-
-
-
17 250
other
-
-
-
46
unemployment
-
-
-
320
pensions
-
-
-
12 948
total
-
-
-
30 976
Employee
23 841
-
56 413
-
other
23
-
46
-
unemployment
369
-
709
-
pensions
1 120
-
2 151
-
income
4 979
-
15 771
-
total
6 491
-
18 677
-
Employer
23 841
-
56 413
-
pensions
5 626
-
10 798
-
accident
472
-
906
-
unemployment
1 312
-
2 516
-
other
191
-
366
-
total
7 601
-
14 586
-
Corporate
39 558
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.

5 934
10 650
-
-
total
5 934
10 650
-
-
Dividends
33 624
60 350
-
-
withholding
6 949
12 831
-
-
total
6 949
12 831
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 975
23 481
33 263
30 976
After tax
44 025
47 519
37 737
40 024
Living cost
17 349
17 349
17 349
17 349
Free-cash
26 676
30 170
20 388
22 675

Estimated living cost  is ₴17349 per week

₴12459
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1349
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.
₴3297
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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