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
£ 3650
per

Your estimated
City
free-cash

Valencia , Spain
£894
£1211
£896
£1412
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
-
-
-
3 650
other
-
-
-
4
pensions
-
-
-
999
income
-
-
-
648
accident
-
-
-
32
unemployment
-
-
-
25
total
-
-
-
1 708
Employee
1 409
-
2 768
-
pensions
66
-
130
-
income
272
-
648
-
other
1
-
3
-
unemployment
22
-
43
-
total
361
-
824
-
Employer
1 409
-
2 768
-
pensions
333
-
653
-
other
11
-
22
-
unemployment
78
-
152
-
accident
28
-
55
-
total
450
-
882
-
Corporate
1 792
3 650
-
-
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.

269
547
-
-
total
269
547
-
-
Dividends
1 523
3 103
-
-
withholding
311
643
-
-
total
311
643
-
-
Income
3 650
3 650
3 650
3 650
Total tax
1 391
1 190
1 706
1 708
After tax
2 259
2 460
1 944
1 942
Living cost
1 048
1 048
1 048
1 048
Free-cash
1 211
1 412
896
894

Estimated living cost  is £1048 per month

£707
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.
£221
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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