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
₴26461
₴30005
₴20141
₴22509
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
-
-
-
46
unemployment
-
-
-
324
income
-
-
-
17 101
pensions
-
-
-
13 079
accident
-
-
-
416
total
-
-
-
30 966
Employee
24 082
-
56 266
-
unemployment
373
-
716
-
other
24
-
46
-
pensions
1 132
-
2 173
-
income
5 030
-
15 664
-
total
6 559
-
18 599
-
Employer
24 082
-
56 266
-
other
193
-
370
-
accident
477
-
915
-
pensions
5 683
-
10 908
-
unemployment
1 325
-
2 542
-
total
7 678
-
14 735
-
Corporate
39 239
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.

5 886
10 650
-
-
total
5 886
10 650
-
-
Dividends
33 354
60 350
-
-
withholding
6 891
12 820
-
-
total
6 891
12 820
-
-
Income
71 000
71 000
71 000
71 000
Total tax
27 014
23 470
33 334
30 966
After tax
43 986
47 530
37 666
40 034
Living cost
17 525
17 525
17 525
17 525
Free-cash
26 461
30 005
20 141
22 509

Estimated living cost  is ₴17525 per week

₴12585
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1363
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.
₴3330
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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