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
$ 1600
per

Your estimated
City
free-cash

Madrid , Spain
$657
$426
$482
$571
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
-
-
-
1 600
accident
-
-
-
10
income
-
-
-
374
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
310
total
-
-
-
703
Employee
570
-
1 251
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
51
-
income
119
-
341
-
total
156
-
410
-
Employer
570
-
1 251
-
pensions
135
-
258
-
accident
11
-
22
-
unemployment
31
-
60
-
other
5
-
9
-
total
182
-
349
-
Corporate
848
1 600
-
-
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.

127
240
-
-
total
127
240
-
-
Dividends
721
1 360
-
-
withholding
149
288
-
-
total
149
288
-
-
Income
1 600
1 600
1 600
1 600
Total tax
614
528
759
703
After tax
986
1 072
841
897
Living cost
415
415
415
415
Free-cash
571
657
426
482

Estimated living cost  is $415 per week

$298
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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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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