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
₽ 40000
per

Your estimated
City
free-cash

Valencia , Spain
-₽2612
-₽4267
-₽2304
₽2103
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
-
-
-
40 000
other
-
-
-
40
pensions
-
-
-
11 320
income
-
-
-
5 648
accident
-
-
-
360
unemployment
-
-
-
281
total
-
-
-
17 649
Employee
33 565
-
30 331
-
pensions
1 578
-
1 426
-
income
6 471
-
5 744
-
other
33
-
31
-
unemployment
520
-
470
-
total
8 602
-
7 671
-
Employer
33 565
-
30 331
-
pensions
7 921
-
7 158
-
other
269
-
243
-
unemployment
1 847
-
1 668
-
accident
665
-
601
-
total
10 702
-
9 670
-
Corporate
-
40 000
-
-
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.

-
6 000
-
-
total
-
6 000
-
-
Dividends
-
34 000
-
-
withholding
-
6 934
-
-
total
-
6 934
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 304
12 934
17 341
17 649
After tax
20 696
27 066
22 659
22 351
Living cost
24 963
24 963
24 963
24 963
Free-cash
-4 267
2 103
-2 304
-2 612

Estimated living cost  is ₽24963 per week

₽16849
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2400
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽438
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.
₽5276
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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