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
£ 5700
per

Your estimated
City
free-cash

Valencia , Spain
£2778
£2020
£2178
£2609
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
-
-
-
5 700
unemployment
-
-
-
24
pensions
-
-
-
984
accident
-
-
-
31
other
-
-
-
3
income
-
-
-
1 448
total
-
-
-
2 490
Employee
1 387
-
4 591
-
pensions
65
-
163
-
other
1
-
3
-
unemployment
22
-
54
-
income
267
-
1 319
-
total
355
-
1 539
-
Employer
1 387
-
4 591
-
pensions
327
-
821
-
accident
27
-
69
-
unemployment
76
-
191
-
other
11
-
28
-
total
441
-
1 109
-
Corporate
3 870
5 700
-
-
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.

581
855
-
-
total
581
855
-
-
Dividends
3 290
4 845
-
-
withholding
682
1 035
-
-
total
682
1 035
-
-
Income
5 700
5 700
5 700
5 700
Total tax
2 059
1 890
2 648
2 490
After tax
3 641
3 810
3 052
3 210
Living cost
1 032
1 032
1 032
1 032
Free-cash
2 609
2 778
2 020
2 178

Estimated living cost  is £1032 per month

£696
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£99
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.
£218
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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