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
$ 2150
per

Your estimated
City
free-cash

Valencia , Spain
$215
-$25
-$40
-$46
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
-
-
-
2 150
unemployment
-
-
-
15
pensions
-
-
-
608
accident
-
-
-
19
other
-
-
-
2
income
-
-
-
308
total
-
-
-
952
Employee
1 664
-
1 630
-
pensions
78
-
77
-
other
2
-
2
-
unemployment
26
-
25
-
income
321
-
313
-
total
427
-
417
-
Employer
1 664
-
1 630
-
pensions
393
-
385
-
accident
33
-
32
-
unemployment
92
-
90
-
other
13
-
13
-
total
531
-
520
-
Corporate
-
2 150
-
-
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.

-
323
-
-
total
-
323
-
-
Dividends
-
1 827
-
-
withholding
-
374
-
-
total
-
374
-
-
Income
2 150
2 150
2 150
2 150
Total tax
958
697
937
952
After tax
1 192
1 453
1 213
1 198
Living cost
1 238
1 238
1 238
1 238
Free-cash
-46
215
-25
-40

Estimated living cost  is $1238 per month

$835
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$119
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$22
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.
$262
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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