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
₴27613
₴31297
₴21030
₴23485
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
-
-
-
48
unemployment
-
-
-
337
income
-
-
-
17 846
pensions
-
-
-
13 612
accident
-
-
-
433
total
-
-
-
32 276
Employee
25 064
-
58 665
-
unemployment
388
-
746
-
other
25
-
48
-
pensions
1 178
-
2 261
-
income
5 235
-
16 342
-
total
6 826
-
19 397
-
Employer
25 064
-
58 665
-
other
201
-
385
-
accident
496
-
952
-
pensions
5 915
-
11 352
-
unemployment
1 379
-
2 645
-
total
7 991
-
15 334
-
Corporate
40 945
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.

6 141
11 100
-
-
total
6 141
11 100
-
-
Dividends
34 804
62 900
-
-
withholding
7 190
13 364
-
-
total
7 190
13 364
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 148
24 464
34 731
32 276
After tax
45 852
49 536
39 269
41 724
Living cost
18 239
18 239
18 239
18 239
Free-cash
27 613
31 297
21 030
23 485

Estimated living cost  is ₴18239 per week

₴13098
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1418
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴257
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.
₴3466
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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