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
$ 2450
per

Your estimated
City
free-cash

Valencia , Spain
$396
$118
$100
$148
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
-
-
-
2 450
unemployment
-
-
-
17
pensions
-
-
-
693
accident
-
-
-
22
other
-
-
-
2
income
-
-
-
357
total
-
-
-
1 091
Employee
1 693
-
1 858
-
pensions
80
-
87
-
other
2
-
2
-
unemployment
26
-
29
-
income
326
-
363
-
total
434
-
481
-
Employer
1 693
-
1 858
-
pensions
400
-
438
-
accident
34
-
37
-
unemployment
93
-
102
-
other
14
-
15
-
total
541
-
592
-
Corporate
217
2 450
-
-
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.

33
368
-
-
total
33
368
-
-
Dividends
184
2 082
-
-
withholding
35
427
-
-
total
35
427
-
-
Income
2 450
2 450
2 450
2 450
Total tax
1 043
795
1 073
1 091
After tax
1 407
1 655
1 377
1 359
Living cost
1 259
1 259
1 259
1 259
Free-cash
148
396
118
100

Estimated living cost  is $1259 per month

$850
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$121
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.
$266
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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