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
$ 1050
per

Your estimated
City
free-cash

Madrid , Spain
$287
$144
$137
$197
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
-
-
-
1 050
accident
-
-
-
9
income
-
-
-
179
other
-
-
-
1
unemployment
-
-
-
7
pensions
-
-
-
297
total
-
-
-
493
Employee
577
-
796
-
other
1
-
1
-
unemployment
9
-
12
-
pensions
27
-
37
-
income
120
-
182
-
total
157
-
232
-
Employer
577
-
796
-
pensions
136
-
188
-
accident
11
-
16
-
unemployment
32
-
44
-
other
5
-
6
-
total
184
-
254
-
Corporate
290
1 050
-
-
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.

43
158
-
-
total
43
158
-
-
Dividends
246
892
-
-
withholding
49
185
-
-
total
49
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
433
343
486
493
After tax
617
707
564
557
Living cost
420
420
420
420
Free-cash
197
287
144
137

Estimated living cost  is $420 per week

$301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
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.
$80
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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