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
₴22927
₴30583
₴26950
₴20483
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
-
-
-
427
other
-
-
-
48
pensions
-
-
-
13 400
unemployment
-
-
-
332
income
-
-
-
17 412
total
-
-
-
31 619
Employee
24 672
-
57 405
-
pensions
1 159
-
2 226
-
unemployment
382
-
734
-
other
24
-
48
-
income
5 153
-
15 960
-
total
6 718
-
18 968
-
Employer
24 672
-
57 405
-
accident
489
-
937
-
pensions
5 823
-
11 175
-
other
198
-
379
-
unemployment
1 357
-
2 604
-
total
7 867
-
15 095
-
Corporate
39 962
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.

5 994
10 875
-
-
total
5 994
10 875
-
-
Dividends
33 968
61 625
-
-
withholding
7 017
13 088
-
-
total
7 017
13 088
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 596
23 963
34 063
31 619
After tax
44 904
48 537
38 437
40 881
Living cost
17 954
17 954
17 954
17 954
Free-cash
26 950
30 583
20 483
22 927

Estimated living cost  is ₴17954 per week

₴12894
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
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.
₴3411
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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