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
£ 2000
per

Your estimated
City
free-cash

Madrid , Spain
£1021
£775
£811
£965
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
-
-
-
2 000
accident
-
-
-
7
income
-
-
-
641
other
-
-
-
1
unemployment
-
-
-
6
pensions
-
-
-
228
total
-
-
-
883
Employee
420
-
1 743
-
other
-
-
1
-
unemployment
7
-
13
-
pensions
20
-
38
-
income
88
-
611
-
total
115
-
663
-
Employer
420
-
1 743
-
pensions
99
-
190
-
accident
8
-
16
-
unemployment
23
-
44
-
other
3
-
6
-
total
133
-
256
-
Corporate
1 446
2 000
-
-
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.

217
300
-
-
total
217
300
-
-
Dividends
1 229
1 700
-
-
withholding
264
373
-
-
total
264
373
-
-
Income
2 000
2 000
2 000
2 000
Total tax
729
673
919
883
After tax
1 271
1 327
1 081
1 117
Living cost
306
306
306
306
Free-cash
965
1 021
775
811

Estimated living cost  is £306 per week

£220
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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