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
$ 3100
per

Your estimated
City
free-cash

Valencia , Spain
$339
$717
$317
$452
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
-
-
-
3 100
income
-
-
-
477
pensions
-
-
-
877
other
-
-
-
3
unemployment
-
-
-
22
accident
-
-
-
28
total
-
-
-
1 407
Employee
1 850
-
2 351
-
unemployment
29
-
36
-
pensions
87
-
111
-
other
2
-
2
-
income
357
-
486
-
total
475
-
635
-
Employer
1 850
-
2 351
-
accident
37
-
47
-
other
15
-
19
-
unemployment
102
-
129
-
pensions
437
-
555
-
total
591
-
750
-
Corporate
660
3 100
-
-
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.

99
465
-
-
total
99
465
-
-
Dividends
561
2 635
-
-
withholding
107
542
-
-
total
107
542
-
-
Income
3 100
3 100
3 100
3 100
Total tax
1 272
1 007
1 385
1 407
After tax
1 828
2 093
1 715
1 693
Living cost
1 376
1 376
1 376
1 376
Free-cash
452
717
339
317

Estimated living cost  is $1376 per month

$929
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$24
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.
$291
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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Source

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