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
$ 1350
per

Your estimated
City
free-cash

Madrid , Spain
$528
$447
$370
$319
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
-
-
-
1 350
accident
-
-
-
9
income
-
-
-
301
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
601
Employee
521
-
1 032
-
other
1
-
1
-
income
109
-
270
-
pensions
24
-
47
-
unemployment
8
-
15
-
total
142
-
333
-
Employer
521
-
1 032
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
664
1 350
-
-
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.

100
202
-
-
total
100
202
-
-
Dividends
564
1 148
-
-
withholding
116
241
-
-
total
116
241
-
-
Income
1 350
1 350
1 350
1 350
Total tax
524
443
652
601
After tax
826
907
698
749
Living cost
379
379
379
379
Free-cash
447
528
319
370

Estimated living cost  is $379 per week

$272
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
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.
$72
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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