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
$ 5500
per

Your estimated
City
free-cash

Valencia , Spain
$1476
$2305
$1588
$2038
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
-
-
-
5 500
other
-
-
-
5
accident
-
-
-
43
income
-
-
-
1 096
pensions
-
-
-
1 335
unemployment
-
-
-
33
total
-
-
-
2 512
Employee
1 882
-
4 170
-
income
363
-
1 030
-
other
2
-
4
-
pensions
88
-
196
-
unemployment
29
-
65
-
total
482
-
1 295
-
Employer
1 882
-
4 170
-
other
15
-
33
-
unemployment
104
-
229
-
accident
37
-
83
-
pensions
444
-
984
-
total
600
-
1 329
-
Corporate
3 018
5 500
-
-
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.

453
825
-
-
total
453
825
-
-
Dividends
2 565
4 675
-
-
withholding
527
970
-
-
total
527
970
-
-
Income
5 500
5 500
5 500
5 500
Total tax
2 062
1 795
2 624
2 512
After tax
3 438
3 705
2 876
2 988
Living cost
1 400
1 400
1 400
1 400
Free-cash
2 038
2 305
1 476
1 588

Estimated living cost  is $1400 per month

$945
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.
$296
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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