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
₴25951
₴29608
₴19549
₴22005
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
other
-
-
-
47
unemployment
-
-
-
331
income
-
-
-
16 850
pensions
-
-
-
13 394
accident
-
-
-
426
total
-
-
-
31 048
Employee
24 662
-
55 911
-
unemployment
382
-
734
-
other
24
-
47
-
pensions
1 159
-
2 225
-
income
5 151
-
15 409
-
total
6 716
-
18 415
-
Employer
24 662
-
55 911
-
other
198
-
379
-
accident
488
-
937
-
pensions
5 820
-
11 170
-
unemployment
1 357
-
2 603
-
total
7 863
-
15 089
-
Corporate
38 475
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.

5 772
10 650
-
-
total
5 772
10 650
-
-
Dividends
32 703
60 350
-
-
withholding
6 751
12 795
-
-
total
6 751
12 795
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 102
23 445
33 504
31 048
After tax
43 898
47 555
37 496
39 952
Living cost
17 947
17 947
17 947
17 947
Free-cash
25 951
29 608
19 549
22 005

Estimated living cost  is ₴17947 per week

₴12888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3410
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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