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
₴26686
₴20399
₴30178
₴22683
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
-
-
-
17 258
pensions
-
-
-
12 941
other
-
-
-
46
unemployment
-
-
-
320
total
-
-
-
30 977
Employee
23 828
-
56 421
-
unemployment
369
-
709
-
pensions
1 120
-
2 150
-
income
4 977
-
15 777
-
other
23
-
46
-
total
6 489
-
18 682
-
Employer
23 828
-
56 421
-
pensions
5 623
-
10 793
-
other
191
-
366
-
unemployment
1 311
-
2 515
-
accident
472
-
905
-
total
7 597
-
14 579
-
Corporate
39 575
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.

5 936
10 650
-
-
total
5 936
10 650
-
-
Dividends
33 639
60 350
-
-
withholding
6 952
12 832
-
-
total
6 952
12 832
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 974
23 482
33 261
30 977
After tax
44 026
47 518
37 739
40 023
Living cost
17 340
17 340
17 340
17 340
Free-cash
26 686
30 178
20 399
22 683

Estimated living cost  is ₴17340 per week

₴12453
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1348
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.
₴3295
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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Estimated living cost

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