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
$ 3600
per

Your estimated
City
free-cash

Valencia , Spain
$1021
$560
$534
$753
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
-
-
-
3 600
accident
-
-
-
32
income
-
-
-
578
other
-
-
-
4
unemployment
-
-
-
25
pensions
-
-
-
1 019
total
-
-
-
1 658
Employee
1 893
-
2 730
-
other
2
-
3
-
unemployment
29
-
42
-
pensions
89
-
128
-
income
365
-
589
-
total
485
-
762
-
Employer
1 893
-
2 730
-
pensions
447
-
644
-
accident
38
-
54
-
unemployment
104
-
150
-
other
15
-
22
-
total
604
-
870
-
Corporate
1 103
3 600
-
-
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.

165
540
-
-
total
165
540
-
-
Dividends
938
3 060
-
-
withholding
185
631
-
-
total
185
631
-
-
Income
3 600
3 600
3 600
3 600
Total tax
1 439
1 171
1 632
1 658
After tax
2 161
2 429
1 968
1 942
Living cost
1 408
1 408
1 408
1 408
Free-cash
753
1 021
560
534

Estimated living cost  is $1408 per month

$950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$135
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.
$298
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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