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
₽ 220000
per

Your estimated
City
free-cash

Valencia , Spain
₽28468
₽4656
₽1950
₽3635
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
-
-
-
220 000
accident
-
-
-
1 983
income
-
-
-
31 788
pensions
-
-
-
62 257
other
-
-
-
224
unemployment
-
-
-
1 544
total
-
-
-
97 796
Employee
161 698
-
166 814
-
other
158
-
166
-
income
31 174
-
32 328
-
pensions
7 602
-
7 842
-
unemployment
2 506
-
2 589
-
total
41 440
-
42 925
-
Employer
161 698
-
166 814
-
accident
3 203
-
3 303
-
other
1 295
-
1 336
-
unemployment
8 896
-
9 178
-
pensions
38 157
-
39 369
-
total
51 551
-
53 186
-
Corporate
6 750
220 000
-
-
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.

1 012
33 004
-
-
total
1 012
33 004
-
-
Dividends
5 738
186 996
-
-
withholding
1 087
38 274
-
-
total
1 087
38 274
-
-
Income
220 000
220 000
220 000
220 000
Total tax
95 090
71 278
96 111
97 796
After tax
124 910
148 722
123 889
122 204
Living cost
120 254
120 254
120 254
120 254
Free-cash
4 656
28 468
3 635
1 950

Estimated living cost  is ₽120254 per month

₽81170
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽11560
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽2108
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.
₽25419
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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