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
$ 1050
per

Your estimated
City
free-cash

Valencia , Spain
$392
$246
$240
$333
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
-
-
-
1 050
unemployment
-
-
-
7
pensions
-
-
-
297
accident
-
-
-
9
other
-
-
-
1
income
-
-
-
180
total
-
-
-
494
Employee
425
-
796
-
pensions
20
-
37
-
other
-
-
1
-
unemployment
7
-
12
-
income
82
-
184
-
total
109
-
234
-
Employer
425
-
796
-
pensions
100
-
188
-
accident
8
-
16
-
unemployment
23
-
44
-
other
3
-
6
-
total
134
-
254
-
Corporate
489
1 050
-
-
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.

73
157
-
-
total
73
157
-
-
Dividends
416
893
-
-
withholding
85
185
-
-
total
85
185
-
-
Income
1 050
1 050
1 050
1 050
Total tax
401
342
488
494
After tax
649
708
562
556
Living cost
316
316
316
316
Free-cash
333
392
246
240

Estimated living cost  is $316 per week

$213
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$30
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
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.
$67
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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