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
$ 1750
per

Your estimated
City
free-cash

Madrid , Spain
$525
$759
$574
$676
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
-
-
-
1 750
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
439
pensions
-
-
-
307
unemployment
-
-
-
8
total
-
-
-
765
Employee
565
-
1 404
-
income
118
-
399
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
155
-
468
-
Employer
565
-
1 404
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
21
-
pensions
133
-
256
-
total
180
-
346
-
Corporate
1 005
1 750
-
-
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.

151
263
-
-
total
151
263
-
-
Dividends
854
1 487
-
-
withholding
177
317
-
-
total
177
317
-
-
Income
1 750
1 750
1 750
1 750
Total tax
663
580
814
765
After tax
1 087
1 170
936
985
Living cost
411
411
411
411
Free-cash
676
759
525
574

Estimated living cost  is $411 per week

$295
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.
$78
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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