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
$ 3000
per

Your estimated
City
free-cash

Valencia , Spain
$742
$350
$371
$496
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
-
-
-
3 000
income
-
-
-
467
unemployment
-
-
-
21
other
-
-
-
3
pensions
-
-
-
849
accident
-
-
-
27
total
-
-
-
1 367
Employee
1 726
-
2 275
-
pensions
81
-
107
-
unemployment
27
-
35
-
other
2
-
2
-
income
333
-
477
-
total
443
-
621
-
Employer
1 726
-
2 275
-
accident
34
-
45
-
unemployment
95
-
125
-
pensions
407
-
537
-
other
14
-
18
-
total
550
-
725
-
Corporate
724
3 000
-
-
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.

109
450
-
-
total
109
450
-
-
Dividends
616
2 550
-
-
withholding
119
525
-
-
total
119
525
-
-
Income
3 000
3 000
3 000
3 000
Total tax
1 221
975
1 346
1 367
After tax
1 779
2 025
1 654
1 633
Living cost
1 283
1 283
1 283
1 283
Free-cash
496
742
371
350

Estimated living cost  is $1283 per month

$866
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$123
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.
$271
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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