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
$ 3200
per

Your estimated
City
free-cash

Valencia , Spain
$358
$775
$511
$382
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
-
-
-
3 200
accident
-
-
-
29
other
-
-
-
3
pensions
-
-
-
906
unemployment
-
-
-
22
income
-
-
-
497
total
-
-
-
1 457
Employee
1 862
-
2 426
-
pensions
88
-
114
-
unemployment
29
-
38
-
other
2
-
2
-
income
359
-
506
-
total
478
-
660
-
Employer
1 862
-
2 426
-
accident
37
-
48
-
pensions
439
-
573
-
other
15
-
19
-
unemployment
102
-
133
-
total
593
-
773
-
Corporate
744
3 200
-
-
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.

112
480
-
-
total
112
480
-
-
Dividends
633
2 720
-
-
withholding
121
560
-
-
total
121
560
-
-
Income
3 200
3 200
3 200
3 200
Total tax
1 304
1 040
1 433
1 457
After tax
1 896
2 160
1 767
1 743
Living cost
1 385
1 385
1 385
1 385
Free-cash
511
775
382
358

Estimated living cost  is $1385 per month

$935
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$133
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.
$293
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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