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
₴22767
₴30263
₴26797
₴20525
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
pensions
-
-
-
12 875
other
-
-
-
46
unemployment
-
-
-
319
accident
-
-
-
410
income
-
-
-
17 333
total
-
-
-
30 983
Employee
23 705
-
56 496
-
pensions
1 114
-
2 139
-
other
23
-
46
-
unemployment
367
-
705
-
income
4 951
-
15 831
-
total
6 455
-
18 721
-
Employer
23 705
-
56 496
-
pensions
5 594
-
10 737
-
other
190
-
364
-
unemployment
1 304
-
2 502
-
accident
469
-
901
-
total
7 557
-
14 504
-
Corporate
39 737
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.

5 960
10 650
-
-
total
5 960
10 650
-
-
Dividends
33 776
60 350
-
-
withholding
6 981
12 837
-
-
total
6 981
12 837
-
-
Income
71 000
71 000
71 000
71 000
Total tax
26 953
23 487
33 225
30 983
After tax
44 047
47 513
37 775
40 017
Living cost
17 250
17 250
17 250
17 250
Free-cash
26 797
30 263
20 525
22 767

Estimated living cost  is ₴17250 per week

₴12388
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1341
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴243
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.
₴3278
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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