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
€ 950
per

Your estimated
City
free-cash

Madrid , Spain
€285
€206
€147
€151
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
-
-
-
950
accident
-
-
-
8
income
-
-
-
165
pensions
-
-
-
266
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
447
Employee
489
-
720
-
other
-
-
1
-
income
102
-
167
-
pensions
23
-
34
-
unemployment
8
-
11
-
total
133
-
213
-
Employer
489
-
720
-
accident
10
-
14
-
other
4
-
6
-
unemployment
27
-
40
-
pensions
116
-
170
-
total
157
-
230
-
Corporate
305
950
-
-
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.

46
142
-
-
total
46
142
-
-
Dividends
259
808
-
-
withholding
52
167
-
-
total
52
167
-
-
Income
950
950
950
950
Total tax
388
309
443
447
After tax
562
641
507
503
Living cost
356
356
356
356
Free-cash
206
285
151
147

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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Source of data for Madrid model

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Estimated living cost

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Estimated living cost

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Source

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