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
$ 1200
per

Your estimated
City
free-cash

Madrid , Spain
$302
$217
$229
$392
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
-
-
-
1 200
unemployment
-
-
-
8
income
-
-
-
226
other
-
-
-
1
accident
-
-
-
10
pensions
-
-
-
310
total
-
-
-
555
Employee
571
-
910
-
unemployment
9
-
14
-
pensions
27
-
43
-
income
119
-
219
-
other
1
-
1
-
total
156
-
277
-
Employer
571
-
910
-
pensions
135
-
215
-
accident
11
-
18
-
unemployment
31
-
50
-
other
5
-
7
-
total
182
-
290
-
Corporate
447
1 200
-
-
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.

67
180
-
-
total
67
180
-
-
Dividends
380
1 020
-
-
withholding
77
212
-
-
total
77
212
-
-
Income
1 200
1 200
1 200
1 200
Total tax
482
392
567
555
After tax
718
808
633
645
Living cost
416
416
416
416
Free-cash
302
392
217
229

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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