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
₴ 98000
per

Your estimated
City
free-cash

Madrid , Spain
₴50731
₴41232
₴42656
₴52949
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
-
-
-
98 000
unemployment
-
-
-
220
income
-
-
-
34 005
other
-
-
-
32
accident
-
-
-
283
pensions
-
-
-
8 891
total
-
-
-
43 431
Employee
16 371
-
87 983
-
unemployment
253
-
487
-
pensions
769
-
1 477
-
income
3 419
-
32 842
-
other
16
-
32
-
total
4 457
-
34 838
-
Employer
16 371
-
87 983
-
pensions
3 864
-
7 415
-
accident
324
-
622
-
unemployment
901
-
1 728
-
other
131
-
252
-
total
5 220
-
10 017
-
Corporate
76 409
98 000
-
-
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.

11 461
14 700
-
-
total
11 461
14 700
-
-
Dividends
64 948
83 300
-
-
withholding
14 218
18 438
-
-
total
14 218
18 438
-
-
Income
98 000
98 000
98 000
98 000
Total tax
35 356
33 138
44 855
43 431
After tax
62 644
64 862
53 145
54 569
Living cost
11 913
11 913
11 913
11 913
Free-cash
50 731
52 949
41 232
42 656

Estimated living cost  is ₴11913 per week

₴8556
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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