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
$ 800
per

Your estimated
City
free-cash

Madrid , Spain
$161
$78
$51
$56
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
-
-
-
800
accident
-
-
-
7
income
-
-
-
130
pensions
-
-
-
226
other
-
-
-
1
unemployment
-
-
-
6
total
-
-
-
370
Employee
521
-
607
-
other
1
-
1
-
income
109
-
133
-
pensions
24
-
29
-
unemployment
8
-
9
-
total
142
-
172
-
Employer
521
-
607
-
accident
10
-
12
-
other
4
-
5
-
unemployment
29
-
33
-
pensions
123
-
143
-
total
166
-
193
-
Corporate
113
800
-
-
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.

17
120
-
-
total
17
120
-
-
Dividends
96
680
-
-
withholding
18
140
-
-
total
18
140
-
-
Income
800
800
800
800
Total tax
343
260
365
370
After tax
457
540
435
430
Living cost
379
379
379
379
Free-cash
78
161
56
51

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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