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
£ 650
per

Your estimated
City
free-cash

Madrid , Spain
£47
£34
£28
£118
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
-
-
-
650
unemployment
-
-
-
5
income
-
-
-
105
other
-
-
-
1
accident
-
-
-
6
pensions
-
-
-
184
total
-
-
-
301
Employee
441
-
493
-
unemployment
7
-
8
-
pensions
21
-
23
-
income
92
-
107
-
other
-
-
-
-
total
120
-
138
-
Employer
441
-
493
-
pensions
104
-
116
-
accident
9
-
10
-
unemployment
24
-
27
-
other
4
-
4
-
total
141
-
157
-
Corporate
68
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.

10
97
-
-
total
10
97
-
-
Dividends
58
553
-
-
withholding
11
114
-
-
total
11
114
-
-
Income
650
650
650
650
Total tax
282
211
295
301
After tax
368
439
355
349
Living cost
321
321
321
321
Free-cash
47
118
34
28

Estimated living cost  is £321 per week

£231
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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