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
₴ 97000
per

Your estimated
City
free-cash

Madrid , Spain
₴50077
₴40683
₴42106
₴52295
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
-
-
-
97 000
unemployment
-
-
-
220
income
-
-
-
33 556
other
-
-
-
32
accident
-
-
-
283
pensions
-
-
-
8 891
total
-
-
-
42 982
Employee
16 370
-
86 984
-
unemployment
253
-
487
-
pensions
769
-
1 477
-
income
3 419
-
32 392
-
other
16
-
32
-
total
4 457
-
34 388
-
Employer
16 370
-
86 984
-
pensions
3 863
-
7 415
-
accident
324
-
622
-
unemployment
901
-
1 728
-
other
131
-
252
-
total
5 219
-
10 017
-
Corporate
75 411
97 000
-
-
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.

11 312
14 550
-
-
total
11 312
14 550
-
-
Dividends
64 099
82 450
-
-
withholding
14 023
18 243
-
-
total
14 023
18 243
-
-
Income
97 000
97 000
97 000
97 000
Total tax
35 011
32 793
44 405
42 982
After tax
61 989
64 207
52 595
54 018
Living cost
11 912
11 912
11 912
11 912
Free-cash
50 077
52 295
40 683
42 106

Estimated living cost  is ₴11912 per week

₴8555
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴926
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴168
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.
₴2264
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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