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
$ 2950
per

Your estimated
City
free-cash

Valencia , Spain
$733
$368
$346
$492
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
-
-
-
2 950
unemployment
-
-
-
21
pensions
-
-
-
835
accident
-
-
-
27
other
-
-
-
3
income
-
-
-
460
total
-
-
-
1 346
Employee
1 691
-
2 237
-
pensions
80
-
105
-
other
2
-
2
-
unemployment
26
-
35
-
income
326
-
469
-
total
434
-
611
-
Employer
1 691
-
2 237
-
pensions
399
-
528
-
accident
34
-
44
-
unemployment
93
-
123
-
other
14
-
18
-
total
540
-
713
-
Corporate
719
2 950
-
-
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.

108
443
-
-
total
108
443
-
-
Dividends
612
2 507
-
-
withholding
118
516
-
-
total
118
516
-
-
Income
2 950
2 950
2 950
2 950
Total tax
1 200
959
1 324
1 346
After tax
1 750
1 991
1 626
1 604
Living cost
1 258
1 258
1 258
1 258
Free-cash
492
733
368
346

Estimated living cost  is $1258 per month

$849
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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