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
₽ 120000
per

Your estimated
City
free-cash

Valencia , Spain
₽9480
-₽3846
-₽4777
-₽7136
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
-
-
-
120 000
unemployment
-
-
-
841
pensions
-
-
-
33 961
accident
-
-
-
1 079
other
-
-
-
119
income
-
-
-
17 082
total
-
-
-
53 082
Employee
96 403
-
90 987
-
pensions
4 532
-
4 275
-
other
94
-
89
-
unemployment
1 494
-
1 410
-
income
18 586
-
17 374
-
total
24 706
-
23 148
-
Employer
96 403
-
90 987
-
pensions
22 749
-
21 473
-
accident
1 910
-
1 801
-
unemployment
5 304
-
5 002
-
other
772
-
727
-
total
30 735
-
29 003
-
Corporate
-
120 000
-
-
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.

-
18 000
-
-
total
-
18 000
-
-
Dividends
-
102 000
-
-
withholding
-
20 825
-
-
total
-
20 825
-
-
Income
120 000
120 000
120 000
120 000
Total tax
55 441
38 825
52 151
53 082
After tax
64 559
81 175
67 849
66 918
Living cost
71 695
71 695
71 695
71 695
Free-cash
-7 136
9 480
-3 846
-4 777

Estimated living cost  is ₽71695 per month

₽48393
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽6892
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽1257
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.
₽15155
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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