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
₴ 72000
per

Your estimated
City
free-cash

Madrid , Spain
₴33695
₴26915
₴28341
₴35916
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
-
-
-
72 000
unemployment
-
-
-
220
income
-
-
-
22 292
other
-
-
-
32
accident
-
-
-
283
pensions
-
-
-
8 903
total
-
-
-
31 730
Employee
16 393
-
61 970
-
unemployment
254
-
488
-
pensions
770
-
1 479
-
income
3 424
-
21 127
-
other
16
-
32
-
total
4 464
-
23 126
-
Employer
16 393
-
61 970
-
pensions
3 869
-
7 425
-
accident
325
-
623
-
unemployment
902
-
1 730
-
other
131
-
252
-
total
5 227
-
10 030
-
Corporate
50 381
72 000
-
-
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.

7 557
10 800
-
-
total
7 557
10 800
-
-
Dividends
42 824
61 200
-
-
withholding
9 128
13 355
-
-
total
9 128
13 355
-
-
Income
72 000
72 000
72 000
72 000
Total tax
26 376
24 155
33 156
31 730
After tax
45 624
47 845
38 844
40 270
Living cost
11 929
11 929
11 929
11 929
Free-cash
33 695
35 916
26 915
28 341

Estimated living cost  is ₴11929 per week

₴8567
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴928
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴168
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.
₴2267
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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