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
$ 1650
per

Your estimated
City
free-cash

Madrid , Spain
$724
$550
$504
$649
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
-
-
-
1 650
income
-
-
-
421
unemployment
-
-
-
7
other
-
-
-
1
pensions
-
-
-
283
accident
-
-
-
9
total
-
-
-
721
Employee
521
-
1 331
-
pensions
25
-
47
-
unemployment
8
-
16
-
other
1
-
1
-
income
109
-
384
-
total
143
-
448
-
Employer
521
-
1 331
-
accident
10
-
20
-
unemployment
29
-
55
-
pensions
123
-
236
-
other
4
-
8
-
total
166
-
319
-
Corporate
962
1 650
-
-
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.

144
247
-
-
total
144
247
-
-
Dividends
818
1 403
-
-
withholding
169
300
-
-
total
169
300
-
-
Income
1 650
1 650
1 650
1 650
Total tax
622
547
767
721
After tax
1 028
1 103
883
929
Living cost
379
379
379
379
Free-cash
649
724
504
550

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.
$30
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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