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
$ 1150
per

Your estimated
City
free-cash

Valencia , Spain
$476
$420
$325
$304
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
-
-
-
1 150
accident
-
-
-
9
income
-
-
-
226
pensions
-
-
-
284
other
-
-
-
1
unemployment
-
-
-
7
total
-
-
-
527
Employee
400
-
872
-
other
-
-
1
-
income
77
-
214
-
pensions
19
-
41
-
unemployment
6
-
14
-
total
102
-
270
-
Employer
400
-
872
-
accident
8
-
17
-
other
3
-
7
-
unemployment
22
-
48
-
pensions
95
-
206
-
total
128
-
278
-
Corporate
622
1 150
-
-
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.

93
173
-
-
total
93
173
-
-
Dividends
529
977
-
-
withholding
109
203
-
-
total
109
203
-
-
Income
1 150
1 150
1 150
1 150
Total tax
432
376
548
527
After tax
718
774
602
623
Living cost
298
298
298
298
Free-cash
420
476
304
325

Estimated living cost  is $298 per week

$201
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$29
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$5
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.
$63
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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Estimated living cost

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Source

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