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
£ 3150
per

Your estimated
City
free-cash

Valencia , Spain
£1083
£659
£636
£885
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
-
-
-
3 150
accident
-
-
-
28
income
-
-
-
530
other
-
-
-
3
unemployment
-
-
-
22
pensions
-
-
-
891
total
-
-
-
1 474
Employee
1 398
-
2 388
-
other
1
-
2
-
unemployment
22
-
37
-
pensions
66
-
112
-
income
270
-
539
-
total
359
-
690
-
Employer
1 398
-
2 388
-
pensions
330
-
564
-
accident
28
-
47
-
unemployment
77
-
131
-
other
11
-
19
-
total
446
-
761
-
Corporate
1 306
3 150
-
-
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.

196
473
-
-
total
196
473
-
-
Dividends
1 110
2 677
-
-
withholding
224
554
-
-
total
224
554
-
-
Income
3 150
3 150
3 150
3 150
Total tax
1 225
1 027
1 451
1 474
After tax
1 925
2 123
1 699
1 676
Living cost
1 040
1 040
1 040
1 040
Free-cash
885
1 083
659
636

Estimated living cost  is £1040 per month

£702
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£100
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.
£220
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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Estimated living cost

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Source

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