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
€ 2500
per

Your estimated
City
free-cash

Madrid , Spain
€1235
€995
€1039
€1302
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
-
-
-
2 500
unemployment
-
-
-
7
income
-
-
-
823
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
266
total
-
-
-
1 105
Employee
489
-
2 201
-
unemployment
8
-
15
-
pensions
23
-
44
-
income
102
-
788
-
other
-
-
1
-
total
133
-
848
-
Employer
489
-
2 201
-
pensions
116
-
222
-
accident
10
-
19
-
unemployment
27
-
52
-
other
4
-
8
-
total
157
-
301
-
Corporate
1 855
2 500
-
-
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.

278
375
-
-
total
278
375
-
-
Dividends
1 576
2 125
-
-
withholding
341
467
-
-
total
341
467
-
-
Income
2 500
2 500
2 500
2 500
Total tax
909
842
1 149
1 105
After tax
1 591
1 658
1 351
1 395
Living cost
356
356
356
356
Free-cash
1 235
1 302
995
1 039

Estimated living cost  is €356 per week

€256
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€5
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.
€68
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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