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
€ 3850
per

Your estimated
City
free-cash

Valencia , Spain
€1387
€1158
€830
€859
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
-
-
-
3 850
accident
-
-
-
35
income
-
-
-
656
pensions
-
-
-
1 090
other
-
-
-
4
unemployment
-
-
-
27
total
-
-
-
1 812
Employee
1 624
-
2 919
-
other
2
-
3
-
income
313
-
667
-
pensions
76
-
137
-
unemployment
25
-
45
-
total
416
-
852
-
Employer
1 624
-
2 919
-
accident
32
-
58
-
other
13
-
23
-
unemployment
89
-
161
-
pensions
383
-
689
-
total
517
-
931
-
Corporate
1 709
3 850
-
-
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.

256
578
-
-
total
256
578
-
-
Dividends
1 452
3 272
-
-
withholding
295
677
-
-
total
295
677
-
-
Income
3 850
3 850
3 850
3 850
Total tax
1 484
1 255
1 783
1 812
After tax
2 366
2 595
2 067
2 038
Living cost
1 208
1 208
1 208
1 208
Free-cash
1 158
1 387
859
830

Estimated living cost  is €1208 per month

€815
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
€116
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
€21
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.
€255
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 Valencia model

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Estimated living cost

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