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
£ 750
per

Your estimated
City
free-cash

Madrid , Spain
£201
£136
£94
£98
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
-
-
-
750
accident
-
-
-
7
income
-
-
-
127
pensions
-
-
-
212
other
-
-
-
1
unemployment
-
-
-
5
total
-
-
-
352
Employee
418
-
569
-
other
-
-
1
-
income
87
-
130
-
pensions
20
-
27
-
unemployment
6
-
9
-
total
113
-
167
-
Employer
418
-
569
-
accident
8
-
11
-
other
3
-
5
-
unemployment
23
-
31
-
pensions
99
-
134
-
total
133
-
181
-
Corporate
199
750
-
-
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.

30
113
-
-
total
30
113
-
-
Dividends
169
637
-
-
withholding
34
132
-
-
total
34
132
-
-
Income
750
750
750
750
Total tax
310
245
348
352
After tax
440
505
402
398
Living cost
304
304
304
304
Free-cash
136
201
98
94

Estimated living cost  is £304 per week

£218
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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Estimated living cost

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Source

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