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
₴30923
₴20991
₴23269
₴27387
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
-
-
-
418
income
-
-
-
17 719
other
-
-
-
47
unemployment
-
-
-
325
pensions
-
-
-
13 130
total
-
-
-
31 639
Employee
24 175
-
57 709
-
other
24
-
47
-
unemployment
374
-
719
-
pensions
1 136
-
2 181
-
income
5 049
-
16 179
-
total
6 583
-
19 126
-
Employer
24 175
-
57 709
-
pensions
5 705
-
10 950
-
accident
479
-
919
-
unemployment
1 330
-
2 551
-
other
194
-
371
-
total
7 708
-
14 791
-
Corporate
40 618
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.

6 093
10 875
-
-
total
6 093
10 875
-
-
Dividends
34 525
61 625
-
-
withholding
7 137
13 110
-
-
total
7 137
13 110
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 521
23 985
33 917
31 639
After tax
44 979
48 515
38 583
40 861
Living cost
17 592
17 592
17 592
17 592
Free-cash
27 387
30 923
20 991
23 269

Estimated living cost  is ₴17592 per week

₴12634
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1368
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴248
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.
₴3343
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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