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
£ 2400
per

Your estimated
City
free-cash

Madrid , Spain
£1210
£980
£1017
£1270
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
-
-
-
2 400
unemployment
-
-
-
6
income
-
-
-
809
other
-
-
-
1
accident
-
-
-
8
pensions
-
-
-
239
total
-
-
-
1 063
Employee
440
-
2 131
-
unemployment
7
-
13
-
pensions
21
-
40
-
income
92
-
777
-
other
-
-
1
-
total
120
-
831
-
Employer
440
-
2 131
-
pensions
104
-
199
-
accident
9
-
17
-
unemployment
24
-
46
-
other
4
-
7
-
total
141
-
269
-
Corporate
1 819
2 400
-
-
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.

273
360
-
-
total
273
360
-
-
Dividends
1 546
2 040
-
-
withholding
336
450
-
-
total
336
450
-
-
Income
2 400
2 400
2 400
2 400
Total tax
870
810
1 100
1 063
After tax
1 530
1 590
1 300
1 337
Living cost
320
320
320
320
Free-cash
1 210
1 270
980
1 017

Estimated living cost  is £320 per week

£230
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£5
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.
£61
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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