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
£ 6400
per

Your estimated
City
free-cash

Valencia , Spain
£3088
£3250
£2421
£2576
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
-
-
-
6 400
other
-
-
-
3
income
-
-
-
1 779
unemployment
-
-
-
24
pensions
-
-
-
970
accident
-
-
-
31
total
-
-
-
2 807
Employee
1 367
-
5 307
-
other
1
-
3
-
unemployment
21
-
53
-
pensions
64
-
161
-
income
264
-
1 652
-
total
350
-
1 869
-
Employer
1 367
-
5 307
-
other
11
-
27
-
accident
27
-
68
-
unemployment
75
-
189
-
pensions
323
-
809
-
total
436
-
1 093
-
Corporate
4 597
6 400
-
-
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.

689
960
-
-
total
689
960
-
-
Dividends
3 907
5 440
-
-
withholding
820
1 173
-
-
total
820
1 173
-
-
Income
6 400
6 400
6 400
6 400
Total tax
2 295
2 133
2 962
2 807
After tax
4 105
4 267
3 438
3 593
Living cost
1 017
1 017
1 017
1 017
Free-cash
3 088
3 250
2 421
2 576

Estimated living cost  is £1017 per month

£686
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
£98
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.
£215
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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