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
£ 5000
per

Your estimated
City
free-cash

Valencia , Spain
£2106
£1542
£2294
£1728
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
-
-
-
5 000
accident
-
-
-
32
income
-
-
-
1 139
pensions
-
-
-
1 012
other
-
-
-
4
unemployment
-
-
-
25
total
-
-
-
2 212
Employee
1 426
-
3 860
-
unemployment
22
-
55
-
pensions
67
-
168
-
income
275
-
1 030
-
other
1
-
4
-
total
365
-
1 257
-
Employer
1 426
-
3 860
-
pensions
336
-
844
-
other
11
-
29
-
unemployment
78
-
197
-
accident
28
-
71
-
total
453
-
1 141
-
Corporate
3 120
5 000
-
-
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.

468
750
-
-
total
468
750
-
-
Dividends
2 652
4 250
-
-
withholding
548
896
-
-
total
548
896
-
-
Income
5 000
5 000
5 000
5 000
Total tax
1 834
1 646
2 398
2 212
After tax
3 166
3 354
2 602
2 788
Living cost
1 060
1 060
1 060
1 060
Free-cash
2 106
2 294
1 542
1 728

Estimated living cost  is £1060 per month

£716
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£102
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
£19
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.
£224
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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