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
£ 1400
per

Your estimated
City
free-cash

Madrid , Spain
£628
£569
£480
£443
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
-
-
-
1 400
accident
-
-
-
7
income
-
-
-
370
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
613
Employee
422
-
1 142
-
other
-
-
1
-
income
88
-
340
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
392
-
Employer
422
-
1 142
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
45
-
pensions
100
-
191
-
total
134
-
258
-
Corporate
843
1 400
-
-
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.

126
210
-
-
total
126
210
-
-
Dividends
717
1 190
-
-
withholding
149
255
-
-
total
149
255
-
-
Income
1 400
1 400
1 400
1 400
Total tax
524
465
650
613
After tax
876
935
750
787
Living cost
307
307
307
307
Free-cash
569
628
443
480

Estimated living cost  is £307 per week

£221
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£24
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£4
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.
£58
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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