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
£ 1650
per

Your estimated
City
free-cash

Madrid , Spain
£741
£587
£622
£796
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
-
-
-
1 650
unemployment
-
-
-
6
accident
-
-
-
7
pensions
-
-
-
226
income
-
-
-
486
other
-
-
-
1
total
-
-
-
726
Employee
415
-
1 396
-
other
-
-
1
-
income
87
-
457
-
pensions
20
-
37
-
unemployment
6
-
12
-
total
113
-
507
-
Employer
415
-
1 396
-
accident
8
-
16
-
unemployment
23
-
44
-
pensions
98
-
188
-
other
3
-
6
-
total
132
-
254
-
Corporate
1 102
1 650
-
-
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.

165
248
-
-
total
165
248
-
-
Dividends
937
1 402
-
-
withholding
197
304
-
-
total
197
304
-
-
Income
1 650
1 650
1 650
1 650
Total tax
607
552
761
726
After tax
1 043
1 098
889
924
Living cost
302
302
302
302
Free-cash
741
796
587
622

Estimated living cost  is £302 per week

£217
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£23
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.
£57
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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