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
$1096
$872
$922
$1174
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
unemployment
-
-
-
8
income
-
-
-
722
other
-
-
-
1
accident
-
-
-
10
pensions
-
-
-
315
total
-
-
-
1 056
Employee
581
-
2 045
-
unemployment
9
-
17
-
pensions
27
-
52
-
income
121
-
681
-
other
1
-
1
-
total
158
-
751
-
Employer
581
-
2 045
-
pensions
137
-
263
-
accident
11
-
22
-
unemployment
32
-
61
-
other
5
-
9
-
total
185
-
355
-
Corporate
1 634
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.

245
360
-
-
total
245
360
-
-
Dividends
1 389
2 040
-
-
withholding
294
444
-
-
total
294
444
-
-
Income
2 400
2 400
2 400
2 400
Total tax
882
804
1 106
1 056
After tax
1 518
1 596
1 294
1 344
Living cost
422
422
422
422
Free-cash
1 096
1 174
872
922

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Estimated living cost  is $422 per week

$303
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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