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
₴ 72500
per

Your estimated
City
free-cash

Madrid , Spain
₴22734
₴30431
₴26754
₴20255
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
-
-
-
72 500
accident
-
-
-
430
other
-
-
-
48
pensions
-
-
-
13 521
unemployment
-
-
-
335
income
-
-
-
17 316
total
-
-
-
31 650
Employee
24 896
-
57 268
-
pensions
1 170
-
2 246
-
unemployment
385
-
741
-
other
24
-
48
-
income
5 200
-
15 862
-
total
6 779
-
18 897
-
Employer
24 896
-
57 268
-
accident
493
-
946
-
pensions
5 875
-
11 276
-
other
200
-
382
-
unemployment
1 370
-
2 628
-
total
7 938
-
15 232
-
Corporate
39 667
72 500
-
-
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.

5 950
10 875
-
-
total
5 950
10 875
-
-
Dividends
33 717
61 625
-
-
withholding
6 963
13 078
-
-
total
6 963
13 078
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 630
23 953
34 129
31 650
After tax
44 870
48 547
38 371
40 850
Living cost
18 116
18 116
18 116
18 116
Free-cash
26 754
30 431
20 255
22 734

Estimated living cost  is ₴18116 per week

₴13010
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1409
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3442
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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