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
£ 3050
per

Your estimated
City
free-cash

Valencia , Spain
£578
£805
£598
£1005
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
-
-
-
3 050
other
-
-
-
3
pensions
-
-
-
863
income
-
-
-
507
accident
-
-
-
27
unemployment
-
-
-
21
total
-
-
-
1 421
Employee
1 413
-
2 313
-
pensions
66
-
109
-
income
273
-
517
-
other
1
-
2
-
unemployment
22
-
36
-
total
362
-
664
-
Employer
1 413
-
2 313
-
pensions
334
-
546
-
other
11
-
18
-
unemployment
78
-
127
-
accident
28
-
46
-
total
451
-
737
-
Corporate
1 186
3 050
-
-
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.

178
458
-
-
total
178
458
-
-
Dividends
1 008
2 592
-
-
withholding
203
536
-
-
total
203
536
-
-
Income
3 050
3 050
3 050
3 050
Total tax
1 194
994
1 401
1 421
After tax
1 856
2 056
1 649
1 629
Living cost
1 051
1 051
1 051
1 051
Free-cash
805
1 005
598
578

Estimated living cost  is £1051 per month

£710
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£101
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£18
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.
£222
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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