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
$ 3350
per

Your estimated
City
free-cash

Valencia , Spain
$402
$570
$426
$842
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
-
-
-
3 350
other
-
-
-
3
pensions
-
-
-
948
income
-
-
-
524
accident
-
-
-
30
unemployment
-
-
-
23
total
-
-
-
1 528
Employee
1 909
-
2 540
-
pensions
90
-
119
-
income
368
-
534
-
other
2
-
3
-
unemployment
30
-
39
-
total
490
-
695
-
Employer
1 909
-
2 540
-
pensions
450
-
599
-
other
15
-
20
-
unemployment
105
-
140
-
accident
38
-
50
-
total
608
-
809
-
Corporate
832
3 350
-
-
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.

125
502
-
-
total
125
502
-
-
Dividends
708
2 848
-
-
withholding
137
586
-
-
total
137
586
-
-
Income
3 350
3 350
3 350
3 350
Total tax
1 360
1 088
1 504
1 528
After tax
1 990
2 262
1 846
1 822
Living cost
1 420
1 420
1 420
1 420
Free-cash
570
842
426
402

Estimated living cost  is $1420 per month

$958
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$136
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$25
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.
$300
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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