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
₴19844
₴30155
₴22361
₴26397
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
income
-
-
-
17 163
pensions
-
-
-
13 740
unemployment
-
-
-
340
accident
-
-
-
437
other
-
-
-
49
total
-
-
-
31 729
Employee
25 298
-
57 022
-
pensions
1 189
-
2 282
-
other
25
-
49
-
income
5 284
-
15 684
-
unemployment
392
-
753
-
total
6 890
-
18 768
-
Employer
25 298
-
57 022
-
accident
501
-
961
-
unemployment
1 392
-
2 670
-
other
203
-
389
-
pensions
5 970
-
11 458
-
total
8 066
-
15 478
-
Corporate
39 136
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.

5 870
10 875
-
-
total
5 870
10 875
-
-
Dividends
33 266
61 625
-
-
withholding
6 867
13 060
-
-
total
6 867
13 060
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 693
23 935
34 246
31 729
After tax
44 807
48 565
38 254
40 771
Living cost
18 410
18 410
18 410
18 410
Free-cash
26 397
30 155
19 844
22 361

Estimated living cost  is ₴18410 per week

₴13221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1431
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴259
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.
₴3498
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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