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
£ 3950
per

Your estimated
City
free-cash

Valencia , Spain
£1611
£1029
£1081
£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
-
-
-
3 950
accident
-
-
-
32
income
-
-
-
757
other
-
-
-
4
unemployment
-
-
-
25
pensions
-
-
-
1 001
total
-
-
-
1 819
Employee
1 412
-
2 995
-
other
1
-
3
-
unemployment
22
-
46
-
pensions
66
-
141
-
income
272
-
726
-
total
361
-
916
-
Employer
1 412
-
2 995
-
pensions
333
-
707
-
accident
28
-
59
-
unemployment
78
-
165
-
other
11
-
24
-
total
450
-
955
-
Corporate
2 088
3 950
-
-
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.

313
593
-
-
total
313
593
-
-
Dividends
1 775
3 357
-
-
withholding
364
696
-
-
total
364
696
-
-
Income
3 950
3 950
3 950
3 950
Total tax
1 488
1 289
1 871
1 819
After tax
2 462
2 661
2 079
2 131
Living cost
1 050
1 050
1 050
1 050
Free-cash
1 412
1 611
1 029
1 081

Estimated living cost  is £1050 per month

£709
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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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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