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
£ 900
per

Your estimated
City
free-cash

Madrid , Spain
£299
£234
£178
£166
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
-
-
-
900
accident
-
-
-
7
income
-
-
-
172
pensions
-
-
-
229
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
415
Employee
422
-
682
-
other
-
-
1
-
income
88
-
165
-
pensions
20
-
32
-
unemployment
7
-
11
-
total
115
-
209
-
Employer
422
-
682
-
accident
8
-
14
-
other
3
-
5
-
unemployment
23
-
38
-
pensions
100
-
161
-
total
134
-
218
-
Corporate
343
900
-
-
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.

51
135
-
-
total
51
135
-
-
Dividends
292
765
-
-
withholding
59
159
-
-
total
59
159
-
-
Income
900
900
900
900
Total tax
359
294
427
415
After tax
541
606
473
485
Living cost
307
307
307
307
Free-cash
234
299
166
178

Estimated living cost  is £307 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.
£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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Source

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