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
₴20758
₴23278
₴31115
₴27378
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
accident
-
-
-
438
income
-
-
-
17 705
unemployment
-
-
-
340
other
-
-
-
49
pensions
-
-
-
13 757
total
-
-
-
32 289
Employee
25 330
-
58 502
-
income
5 291
-
16 225
-
pensions
1 190
-
2 285
-
unemployment
392
-
753
-
other
25
-
49
-
total
6 898
-
19 312
-
Employer
25 330
-
58 502
-
other
203
-
389
-
unemployment
1 393
-
2 673
-
pensions
5 978
-
11 473
-
accident
502
-
962
-
total
8 076
-
15 497
-
Corporate
40 594
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.

6 089
11 100
-
-
total
6 089
11 100
-
-
Dividends
34 504
62 900
-
-
withholding
7 126
13 352
-
-
total
7 126
13 352
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 189
24 452
34 809
32 289
After tax
45 811
49 548
39 191
41 711
Living cost
18 433
18 433
18 433
18 433
Free-cash
27 378
31 115
20 758
23 278

Estimated living cost  is ₴18433 per week

₴13238
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1433
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴260
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.
₴3503
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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