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
$ 1000
per

Your estimated
City
free-cash

Madrid , Spain
$168
$121
$115
$258
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
-
-
-
1 000
unemployment
-
-
-
7
income
-
-
-
169
other
-
-
-
1
accident
-
-
-
9
pensions
-
-
-
283
total
-
-
-
469
Employee
571
-
758
-
unemployment
9
-
12
-
pensions
27
-
36
-
income
119
-
172
-
other
1
-
1
-
total
156
-
221
-
Employer
571
-
758
-
pensions
135
-
179
-
accident
11
-
15
-
unemployment
31
-
42
-
other
5
-
6
-
total
182
-
242
-
Corporate
246
1 000
-
-
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.

37
150
-
-
total
37
150
-
-
Dividends
209
850
-
-
withholding
41
176
-
-
total
41
176
-
-
Income
1 000
1 000
1 000
1 000
Total tax
416
326
463
469
After tax
584
674
537
531
Living cost
416
416
416
416
Free-cash
168
258
121
115

Estimated living cost  is $416 per week

$299
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$32
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
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.
$79
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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