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
€ 5500
per

Your estimated
City
free-cash

Valencia , Spain
€2485
€1634
€1846
€2265
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
-
-
-
5 500
unemployment
-
-
-
28
pensions
-
-
-
1 152
accident
-
-
-
37
other
-
-
-
4
income
-
-
-
1 225
total
-
-
-
2 446
Employee
1 624
-
4 202
-
pensions
76
-
191
-
other
2
-
4
-
unemployment
25
-
63
-
income
313
-
1 101
-
total
416
-
1 359
-
Employer
1 624
-
4 202
-
pensions
383
-
961
-
accident
32
-
81
-
unemployment
89
-
224
-
other
13
-
33
-
total
517
-
1 299
-
Corporate
3 359
5 500
-
-
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.

504
825
-
-
total
504
825
-
-
Dividends
2 855
4 675
-
-
withholding
590
982
-
-
total
590
982
-
-
Income
5 500
5 500
5 500
5 500
Total tax
2 027
1 807
2 658
2 446
After tax
3 473
3 693
2 842
3 054
Living cost
1 208
1 208
1 208
1 208
Free-cash
2 265
2 485
1 634
1 846

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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