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
$ 2400
per

Your estimated
City
free-cash

Madrid , Spain
$1215
$1144
$962
$916
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
-
-
-
2 400
accident
-
-
-
9
income
-
-
-
759
pensions
-
-
-
283
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
1 059
Employee
521
-
2 081
-
other
1
-
1
-
income
109
-
722
-
pensions
24
-
47
-
unemployment
8
-
16
-
total
142
-
786
-
Employer
521
-
2 081
-
accident
10
-
20
-
other
4
-
8
-
unemployment
29
-
55
-
pensions
123
-
236
-
total
166
-
319
-
Corporate
1 713
2 400
-
-
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.

257
360
-
-
total
257
360
-
-
Dividends
1 456
2 040
-
-
withholding
312
446
-
-
total
312
446
-
-
Income
2 400
2 400
2 400
2 400
Total tax
877
806
1 105
1 059
After tax
1 523
1 594
1 295
1 341
Living cost
379
379
379
379
Free-cash
1 144
1 215
916
962

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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