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
$ 950
per

Your estimated
City
free-cash

Madrid , Spain
$261
$180
$123
$130
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
-
-
-
950
accident
-
-
-
9
income
-
-
-
162
pensions
-
-
-
269
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
448
Employee
521
-
720
-
other
1
-
1
-
income
109
-
165
-
pensions
24
-
34
-
unemployment
8
-
11
-
total
142
-
211
-
Employer
521
-
720
-
accident
10
-
14
-
other
4
-
6
-
unemployment
29
-
40
-
pensions
123
-
170
-
total
166
-
230
-
Corporate
262
950
-
-
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.

39
143
-
-
total
39
143
-
-
Dividends
223
807
-
-
withholding
44
167
-
-
total
44
167
-
-
Income
950
950
950
950
Total tax
391
310
441
448
After tax
559
640
509
502
Living cost
379
379
379
379
Free-cash
180
261
130
123

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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Estimated living cost

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