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
$ 9950
per

Your estimated
City
free-cash

Valencia , Spain
$3968
$5228
$4181
$5005
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
-
-
-
9 950
other
-
-
-
5
accident
-
-
-
42
income
-
-
-
2 971
pensions
-
-
-
1 327
unemployment
-
-
-
33
total
-
-
-
4 378
Employee
1 871
-
8 455
-
income
361
-
2 797
-
other
2
-
5
-
pensions
88
-
220
-
unemployment
29
-
73
-
total
480
-
3 095
-
Employer
1 871
-
8 455
-
other
15
-
38
-
unemployment
103
-
258
-
accident
37
-
93
-
pensions
442
-
1 107
-
total
597
-
1 496
-
Corporate
7 483
9 950
-
-
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.

1 122
1 493
-
-
total
1 122
1 493
-
-
Dividends
6 360
8 457
-
-
withholding
1 355
1 838
-
-
total
1 355
1 838
-
-
Income
9 950
9 950
9 950
9 950
Total tax
3 554
3 331
4 591
4 378
After tax
6 396
6 619
5 359
5 572
Living cost
1 391
1 391
1 391
1 391
Free-cash
5 005
5 228
3 968
4 181

Estimated living cost  is $1391 per month

$939
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$134
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.
$294
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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