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
₴20891
₴31205
₴23390
₴27494
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
-
-
-
17 763
pensions
-
-
-
13 686
unemployment
-
-
-
339
accident
-
-
-
436
other
-
-
-
49
total
-
-
-
32 273
Employee
25 199
-
58 583
-
pensions
1 184
-
2 273
-
other
25
-
49
-
income
5 263
-
16 283
-
unemployment
390
-
750
-
total
6 862
-
19 355
-
Employer
25 199
-
58 583
-
accident
499
-
957
-
unemployment
1 386
-
2 660
-
other
202
-
387
-
pensions
5 947
-
11 413
-
total
8 034
-
15 417
-
Corporate
40 767
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.

6 115
11 100
-
-
total
6 115
11 100
-
-
Dividends
34 652
62 900
-
-
withholding
7 158
13 358
-
-
total
7 158
13 358
-
-
Income
74 000
74 000
74 000
74 000
Total tax
28 169
24 458
34 772
32 273
After tax
45 831
49 542
39 228
41 727
Living cost
18 337
18 337
18 337
18 337
Free-cash
27 494
31 205
20 891
23 390

Estimated living cost  is ₴18337 per week

₴13169
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1426
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴258
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.
₴3484
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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