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
£ 4700
per

Your estimated
City
free-cash

Valencia , Spain
£2115
£1382
£1563
£1923
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
-
-
-
4 700
accident
-
-
-
32
income
-
-
-
1 040
other
-
-
-
4
unemployment
-
-
-
25
pensions
-
-
-
994
total
-
-
-
2 095
Employee
1 401
-
3 581
-
other
1
-
4
-
unemployment
22
-
54
-
pensions
66
-
165
-
income
270
-
933
-
total
359
-
1 156
-
Employer
1 401
-
3 581
-
pensions
331
-
829
-
accident
28
-
70
-
unemployment
77
-
193
-
other
11
-
28
-
total
447
-
1 120
-
Corporate
2 853
4 700
-
-
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.

428
705
-
-
total
428
705
-
-
Dividends
2 425
3 995
-
-
withholding
501
838
-
-
total
501
838
-
-
Income
4 700
4 700
4 700
4 700
Total tax
1 735
1 543
2 276
2 095
After tax
2 965
3 157
2 424
2 605
Living cost
1 042
1 042
1 042
1 042
Free-cash
1 923
2 115
1 382
1 563

Estimated living cost  is £1042 per month

£703
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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Source

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