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
$ 1950
per

Your estimated
City
free-cash

Madrid , Spain
$889
$633
$683
$808
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
-
-
-
1 950
accident
-
-
-
10
income
-
-
-
527
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
308
total
-
-
-
854
Employee
568
-
1 602
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
51
-
income
119
-
487
-
total
156
-
556
-
Employer
568
-
1 602
-
pensions
134
-
257
-
accident
11
-
22
-
unemployment
31
-
60
-
other
5
-
9
-
total
181
-
348
-
Corporate
1 201
1 950
-
-
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.

180
292
-
-
total
180
292
-
-
Dividends
1 021
1 658
-
-
withholding
212
356
-
-
total
212
356
-
-
Income
1 950
1 950
1 950
1 950
Total tax
729
648
904
854
After tax
1 221
1 302
1 046
1 096
Living cost
413
413
413
413
Free-cash
808
889
633
683

Estimated living cost  is $413 per week

$297
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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