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
₴26701
₴20417
₴30190
₴22694
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
-
-
-
17 268
pensions
-
-
-
12 932
other
-
-
-
46
unemployment
-
-
-
320
total
-
-
-
30 978
Employee
23 812
-
56 431
-
unemployment
369
-
708
-
pensions
1 119
-
2 148
-
income
4 973
-
15 784
-
other
23
-
46
-
total
6 484
-
18 686
-
Employer
23 812
-
56 431
-
pensions
5 619
-
10 785
-
other
191
-
366
-
unemployment
1 310
-
2 513
-
accident
472
-
905
-
total
7 592
-
14 569
-
Corporate
39 597
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.

5 939
10 650
-
-
total
5 939
10 650
-
-
Dividends
33 657
60 350
-
-
withholding
6 956
12 832
-
-
total
6 956
12 832
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 971
23 482
33 255
30 978
After tax
44 029
47 518
37 745
40 022
Living cost
17 328
17 328
17 328
17 328
Free-cash
26 701
30 190
20 417
22 694

Estimated living cost  is ₴17328 per week

₴12444
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1347
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴244
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.
₴3293
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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