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
$ 2500
per

Your estimated
City
free-cash

Madrid , Spain
$935
$1247
$983
$1169
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
-
-
-
2 500
other
-
-
-
1
accident
-
-
-
10
income
-
-
-
775
pensions
-
-
-
309
unemployment
-
-
-
8
total
-
-
-
1 103
Employee
568
-
2 152
-
income
119
-
734
-
other
1
-
1
-
pensions
27
-
51
-
unemployment
9
-
17
-
total
156
-
803
-
Employer
568
-
2 152
-
other
5
-
9
-
unemployment
31
-
60
-
accident
11
-
22
-
pensions
134
-
257
-
total
181
-
348
-
Corporate
1 750
2 500
-
-
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.

263
375
-
-
total
263
375
-
-
Dividends
1 488
2 125
-
-
withholding
317
464
-
-
total
317
464
-
-
Income
2 500
2 500
2 500
2 500
Total tax
917
839
1 151
1 103
After tax
1 583
1 661
1 349
1 397
Living cost
414
414
414
414
Free-cash
1 169
1 247
935
983

Estimated living cost  is $414 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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