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
£ 1500
per

Your estimated
City
free-cash

Madrid , Spain
£627
£491
£687
£529
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
-
-
-
1 500
accident
-
-
-
7
income
-
-
-
409
pensions
-
-
-
234
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
657
Employee
432
-
1 236
-
unemployment
7
-
13
-
pensions
20
-
39
-
income
90
-
378
-
other
-
-
1
-
total
117
-
431
-
Employer
432
-
1 236
-
pensions
102
-
195
-
other
3
-
7
-
unemployment
24
-
46
-
accident
9
-
16
-
total
138
-
264
-
Corporate
931
1 500
-
-
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.

140
225
-
-
total
140
225
-
-
Dividends
791
1 275
-
-
withholding
164
274
-
-
total
164
274
-
-
Income
1 500
1 500
1 500
1 500
Total tax
559
499
695
657
After tax
941
1 001
805
843
Living cost
314
314
314
314
Free-cash
627
687
491
529

Estimated living cost  is £314 per week

£226
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.
£60
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.
 Adjust living cost Show details Source

Source of data for Madrid model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close