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
₴31452
₴21259
₴27813
₴23640
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
income
-
-
-
17 986
pensions
-
-
-
13 489
unemployment
-
-
-
334
other
-
-
-
48
accident
-
-
-
429
total
-
-
-
32 286
Employee
24 837
-
58 804
-
unemployment
385
-
739
-
income
5 188
-
16 442
-
pensions
1 167
-
2 241
-
other
24
-
48
-
total
6 764
-
19 470
-
Employer
24 837
-
58 804
-
unemployment
1 366
-
2 621
-
pensions
5 861
-
11 250
-
accident
492
-
944
-
other
199
-
382
-
total
7 918
-
15 197
-
Corporate
41 244
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.

6 186
11 100
-
-
total
6 186
11 100
-
-
Dividends
35 058
62 900
-
-
withholding
7 245
13 374
-
-
total
7 245
13 374
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 113
24 474
34 667
32 286
After tax
45 887
49 526
39 333
41 714
Living cost
18 074
18 074
18 074
18 074
Free-cash
27 813
31 452
21 259
23 640

Estimated living cost  is ₴18074 per week

₴12980
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1405
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3434
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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