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
$1177
$874
$924
$1098
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
-
-
-
10
income
-
-
-
725
other
-
-
-
1
unemployment
-
-
-
8
pensions
-
-
-
313
total
-
-
-
1 057
Employee
575
-
2 048
-
other
1
-
1
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
120
-
684
-
total
157
-
754
-
Employer
575
-
2 048
-
pensions
136
-
261
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
184
-
353
-
Corporate
1 641
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.

246
360
-
-
total
246
360
-
-
Dividends
1 395
2 040
-
-
withholding
296
444
-
-
total
296
444
-
-
Income
2 400
2 400
2 400
2 400
Total tax
883
804
1 107
1 057
After tax
1 517
1 596
1 293
1 343
Living cost
419
419
419
419
Free-cash
1 098
1 177
874
924

Estimated living cost  is $419 per week

$301
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$33
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.
$80
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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