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
₴27966
₴31572
₴21438
₴23761
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
-
-
-
331
income
-
-
-
18 093
pensions
-
-
-
13 395
accident
-
-
-
426
total
-
-
-
32 292
Employee
24 663
-
58 910
-
unemployment
382
-
734
-
other
24
-
47
-
pensions
1 159
-
2 225
-
income
5 151
-
16 519
-
total
6 716
-
19 525
-
Employer
24 663
-
58 910
-
other
198
-
379
-
accident
488
-
937
-
pensions
5 820
-
11 171
-
unemployment
1 357
-
2 603
-
total
7 863
-
15 090
-
Corporate
41 473
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.

6 221
11 100
-
-
total
6 221
11 100
-
-
Dividends
35 253
62 900
-
-
withholding
7 287
13 381
-
-
total
7 287
13 381
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 087
24 481
34 615
32 292
After tax
45 913
49 519
39 385
41 708
Living cost
17 947
17 947
17 947
17 947
Free-cash
27 966
31 572
21 438
23 761

Estimated living cost  is ₴17947 per week

₴12889
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1396
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴253
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.
₴3410
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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