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
₴ 77000
per

Your estimated
City
free-cash

Madrid , Spain
₴36341
₴28230
₴26443
₴33557
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
-
-
-
77 000
income
-
-
-
21 974
unemployment
-
-
-
276
other
-
-
-
40
pensions
-
-
-
11 165
accident
-
-
-
355
total
-
-
-
33 810
Employee
20 557
-
64 422
-
pensions
966
-
1 855
-
unemployment
318
-
611
-
other
20
-
40
-
income
4 294
-
20 513
-
total
5 598
-
23 019
-
Employer
20 557
-
64 422
-
accident
407
-
781
-
unemployment
1 131
-
2 170
-
pensions
4 851
-
9 311
-
other
165
-
316
-
total
6 554
-
12 578
-
Corporate
49 888
77 000
-
-
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.

7 483
11 550
-
-
total
7 483
11 550
-
-
Dividends
42 405
65 450
-
-
withholding
8 848
14 149
-
-
total
8 848
14 149
-
-
Income
77 000
77 000
77 000
77 000
Total tax
28 483
25 699
35 597
33 810
After tax
48 517
51 301
41 403
43 190
Living cost
14 960
14 960
14 960
14 960
Free-cash
33 557
36 341
26 443
28 230

Estimated living cost  is ₴14960 per week

₴10743
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1163
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴211
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.
₴2843
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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