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
$ 1700
per

Your estimated
City
free-cash

Valencia , Spain
$770
$823
$597
$644
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
-
-
-
1 700
other
-
-
-
1
income
-
-
-
425
pensions
-
-
-
299
accident
-
-
-
10
unemployment
-
-
-
7
total
-
-
-
742
Employee
422
-
1 363
-
pensions
20
-
50
-
other
-
-
1
-
income
81
-
386
-
unemployment
7
-
16
-
total
108
-
453
-
Employer
422
-
1 363
-
other
3
-
8
-
unemployment
23
-
58
-
accident
8
-
21
-
pensions
100
-
249
-
total
134
-
336
-
Corporate
1 144
1 700
-
-
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.

172
255
-
-
total
172
255
-
-
Dividends
972
1 445
-
-
withholding
202
308
-
-
total
202
308
-
-
Income
1 700
1 700
1 700
1 700
Total tax
616
563
789
742
After tax
1 084
1 137
911
958
Living cost
314
314
314
314
Free-cash
770
823
597
644

Estimated living cost  is $314 per week

$212
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.
$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.
$66
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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