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
₴30030
₴20180
₴22535
₴26495
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
-
-
-
416
income
-
-
-
17 124
other
-
-
-
46
unemployment
-
-
-
323
pensions
-
-
-
13 059
total
-
-
-
30 968
Employee
24 044
-
56 289
-
other
24
-
46
-
unemployment
372
-
715
-
pensions
1 130
-
2 169
-
income
5 022
-
15 681
-
total
6 548
-
18 611
-
Employer
24 044
-
56 289
-
pensions
5 674
-
10 891
-
accident
476
-
914
-
unemployment
1 323
-
2 538
-
other
193
-
369
-
total
7 666
-
14 712
-
Corporate
39 290
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.

5 894
10 650
-
-
total
5 894
10 650
-
-
Dividends
33 396
60 350
-
-
withholding
6 900
12 823
-
-
total
6 900
12 823
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 008
23 473
33 323
30 968
After tax
43 992
47 527
37 677
40 032
Living cost
17 497
17 497
17 497
17 497
Free-cash
26 495
30 030
20 180
22 535

Estimated living cost  is ₴17497 per week

₴12566
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1360
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
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.
₴3325
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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