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
£ 2350
per

Your estimated
City
free-cash

Madrid , Spain
£1250
£1194
£1004
£968
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
-
-
-
2 350
accident
-
-
-
7
income
-
-
-
798
pensions
-
-
-
228
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
1 040
Employee
420
-
2 093
-
other
-
-
1
-
income
88
-
768
-
pensions
20
-
38
-
unemployment
7
-
13
-
total
115
-
820
-
Employer
420
-
2 093
-
accident
8
-
16
-
other
3
-
6
-
unemployment
23
-
44
-
pensions
99
-
190
-
total
133
-
256
-
Corporate
1 796
2 350
-
-
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.

269
353
-
-
total
269
353
-
-
Dividends
1 526
1 997
-
-
withholding
333
441
-
-
total
333
441
-
-
Income
2 350
2 350
2 350
2 350
Total tax
850
794
1 076
1 040
After tax
1 500
1 556
1 274
1 310
Living cost
306
306
306
306
Free-cash
1 194
1 250
968
1 004

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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