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
₴26958
₴30590
₴20493
₴22937
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
other
-
-
-
47
unemployment
-
-
-
331
income
-
-
-
17 418
pensions
-
-
-
13 394
accident
-
-
-
426
total
-
-
-
31 616
Employee
24 662
-
57 411
-
unemployment
382
-
734
-
other
24
-
47
-
pensions
1 159
-
2 225
-
income
5 151
-
15 965
-
total
6 716
-
18 971
-
Employer
24 662
-
57 411
-
other
198
-
379
-
accident
488
-
937
-
pensions
5 820
-
11 170
-
unemployment
1 357
-
2 603
-
total
7 863
-
15 089
-
Corporate
39 975
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.

5 997
10 875
-
-
total
5 997
10 875
-
-
Dividends
33 978
61 625
-
-
withholding
7 019
13 088
-
-
total
7 019
13 088
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 595
23 963
34 060
31 616
After tax
44 905
48 537
38 440
40 884
Living cost
17 947
17 947
17 947
17 947
Free-cash
26 958
30 590
20 493
22 937

Estimated living cost  is ₴17947 per week

₴12888
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1395
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3410
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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