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
$801
$554
$391
$414
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
accident
-
-
-
28
income
-
-
-
488
pensions
-
-
-
877
other
-
-
-
3
unemployment
-
-
-
22
total
-
-
-
1 418
Employee
1 736
-
2 351
-
other
2
-
2
-
income
335
-
497
-
pensions
82
-
110
-
unemployment
27
-
36
-
total
446
-
645
-
Employer
1 736
-
2 351
-
accident
34
-
47
-
other
14
-
19
-
unemployment
95
-
129
-
pensions
410
-
555
-
total
553
-
750
-
Corporate
811
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.

122
465
-
-
total
122
465
-
-
Dividends
689
2 635
-
-
withholding
134
543
-
-
total
134
543
-
-
Income
3 100
3 100
3 100
3 100
Total tax
1 255
1 008
1 395
1 418
After tax
1 845
2 092
1 705
1 682
Living cost
1 291
1 291
1 291
1 291
Free-cash
554
801
414
391

Estimated living cost  is $1291 per month

$871
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$124
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$23
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.
$273
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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Estimated living cost

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Source

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