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
₴23376
₴27475
₴20870
₴31190
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
-
-
-
49
pensions
-
-
-
13 698
income
-
-
-
17 749
accident
-
-
-
436
unemployment
-
-
-
339
total
-
-
-
32 271
Employee
25 221
-
58 569
-
pensions
1 185
-
2 275
-
income
5 268
-
16 273
-
other
25
-
49
-
unemployment
390
-
750
-
total
6 868
-
19 347
-
Employer
25 221
-
58 569
-
pensions
5 952
-
11 423
-
other
202
-
387
-
unemployment
1 387
-
2 662
-
accident
499
-
958
-
total
8 040
-
15 430
-
Corporate
40 738
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.

6 111
11 100
-
-
total
6 111
11 100
-
-
Dividends
34 627
62 900
-
-
withholding
7 153
13 357
-
-
total
7 153
13 357
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 172
24 457
34 777
32 271
After tax
45 828
49 543
39 223
41 729
Living cost
18 353
18 353
18 353
18 353
Free-cash
27 475
31 190
20 870
23 376

Estimated living cost  is ₴18353 per week

₴13181
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1427
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.
₴3487
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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