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
£ 9400
per

Your estimated
City
free-cash

Valencia , Spain
£5194
£4046
£4204
£5026
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
-
-
-
9 400
unemployment
-
-
-
25
pensions
-
-
-
991
accident
-
-
-
32
other
-
-
-
4
income
-
-
-
3 105
total
-
-
-
4 157
Employee
1 397
-
8 283
-
pensions
66
-
165
-
other
1
-
4
-
unemployment
22
-
54
-
income
269
-
2 975
-
total
358
-
3 198
-
Employer
1 397
-
8 283
-
pensions
330
-
827
-
accident
28
-
69
-
unemployment
77
-
193
-
other
11
-
28
-
total
446
-
1 117
-
Corporate
7 557
9 400
-
-
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.

1 134
1 410
-
-
total
1 134
1 410
-
-
Dividends
6 424
7 990
-
-
withholding
1 397
1 757
-
-
total
1 397
1 757
-
-
Income
9 400
9 400
9 400
9 400
Total tax
3 335
3 167
4 315
4 157
After tax
6 065
6 233
5 085
5 243
Living cost
1 039
1 039
1 039
1 039
Free-cash
5 026
5 194
4 046
4 204

Estimated living cost  is £1039 per month

£701
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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