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
£46
£130
£40
£64
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
other
-
-
-
1
accident
-
-
-
6
income
-
-
-
106
pensions
-
-
-
184
unemployment
-
-
-
5
total
-
-
-
302
Employee
423
-
493
-
income
88
-
108
-
other
-
-
-
-
pensions
20
-
23
-
unemployment
7
-
8
-
total
115
-
139
-
Employer
423
-
493
-
other
3
-
4
-
unemployment
23
-
27
-
accident
8
-
10
-
pensions
100
-
116
-
total
134
-
157
-
Corporate
92
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.

14
98
-
-
total
14
98
-
-
Dividends
78
552
-
-
withholding
15
114
-
-
total
15
114
-
-
Income
650
650
650
650
Total tax
278
212
296
302
After tax
372
438
354
348
Living cost
308
308
308
308
Free-cash
64
130
46
40

Estimated living cost  is £308 per week

£221
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.
£59
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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Estimated living cost

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Source

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