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
$ 2300
per

Your estimated
City
free-cash

Valencia , Spain
$317
$55
$39
$71
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
-
-
-
2 300
unemployment
-
-
-
16
pensions
-
-
-
651
accident
-
-
-
21
other
-
-
-
2
income
-
-
-
333
total
-
-
-
1 023
Employee
1 664
-
1 744
-
pensions
78
-
82
-
other
2
-
2
-
unemployment
26
-
27
-
income
321
-
339
-
total
427
-
450
-
Employer
1 664
-
1 744
-
pensions
393
-
412
-
accident
33
-
35
-
unemployment
92
-
96
-
other
13
-
14
-
total
531
-
557
-
Corporate
105
2 300
-
-
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.

16
345
-
-
total
16
345
-
-
Dividends
89
1 955
-
-
withholding
17
400
-
-
total
17
400
-
-
Income
2 300
2 300
2 300
2 300
Total tax
991
745
1 007
1 023
After tax
1 309
1 555
1 293
1 277
Living cost
1 238
1 238
1 238
1 238
Free-cash
71
317
55
39

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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