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
$ 1500
per

Your estimated
City
free-cash

Valencia , Spain
$623
$682
$453
$509
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
-
-
-
1 500
other
-
-
-
1
unemployment
-
-
-
8
income
-
-
-
337
pensions
-
-
-
310
accident
-
-
-
10
total
-
-
-
666
Employee
437
-
1 151
-
unemployment
7
-
17
-
other
-
-
1
-
pensions
21
-
51
-
income
84
-
304
-
total
112
-
373
-
Employer
437
-
1 151
-
other
3
-
9
-
accident
9
-
22
-
pensions
103
-
258
-
unemployment
24
-
60
-
total
139
-
349
-
Corporate
924
1 500
-
-
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.

139
225
-
-
total
139
225
-
-
Dividends
785
1 275
-
-
withholding
162
268
-
-
total
162
268
-
-
Income
1 500
1 500
1 500
1 500
Total tax
552
493
722
666
After tax
948
1 007
778
834
Living cost
325
325
325
325
Free-cash
623
682
453
509

Estimated living cost  is $325 per week

$219
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$31
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.
$69
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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