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
₴ 74000
per

Your estimated
City
free-cash

Madrid , Spain
₴28030
₴31622
₴21516
₴23812
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
-
-
-
74 000
other
-
-
-
47
unemployment
-
-
-
330
income
-
-
-
18 138
pensions
-
-
-
13 355
accident
-
-
-
425
total
-
-
-
32 295
Employee
24 589
-
58 955
-
unemployment
381
-
731
-
other
24
-
47
-
pensions
1 156
-
2 218
-
income
5 136
-
16 551
-
total
6 697
-
19 547
-
Employer
24 589
-
58 955
-
other
197
-
378
-
accident
487
-
934
-
pensions
5 803
-
11 137
-
unemployment
1 353
-
2 595
-
total
7 840
-
15 044
-
Corporate
41 571
74 000
-
-
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.

6 236
11 100
-
-
total
6 236
11 100
-
-
Dividends
35 335
62 900
-
-
withholding
7 304
13 385
-
-
total
7 304
13 385
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 077
24 485
34 591
32 295
After tax
45 923
49 515
39 409
41 705
Living cost
17 893
17 893
17 893
17 893
Free-cash
28 030
31 622
21 516
23 812

Estimated living cost  is ₴17893 per week

₴12850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1391
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
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.
₴3400
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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