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
₴20196
₴30390
₴22679
₴26699
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
-
-
-
48
accident
-
-
-
431
income
-
-
-
17 293
pensions
-
-
-
13 554
unemployment
-
-
-
335
total
-
-
-
31 661
Employee
24 956
-
57 231
-
income
5 212
-
15 835
-
other
25
-
48
-
pensions
1 173
-
2 251
-
unemployment
386
-
742
-
total
6 796
-
18 876
-
Employer
24 956
-
57 231
-
other
200
-
383
-
unemployment
1 373
-
2 634
-
accident
494
-
948
-
pensions
5 890
-
11 303
-
total
7 957
-
15 268
-
Corporate
39 587
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.

5 939
10 875
-
-
total
5 939
10 875
-
-
Dividends
33 649
61 625
-
-
withholding
6 949
13 075
-
-
total
6 949
13 075
-
-
Income
72 500
72 500
72 500
72 500
Total tax
27 641
23 950
34 144
31 661
After tax
44 859
48 550
38 356
40 839
Living cost
18 160
18 160
18 160
18 160
Free-cash
26 699
30 390
20 196
22 679

Estimated living cost  is ₴18160 per week

₴13042
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1412
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴256
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.
₴3451
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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