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
-₽425
-₽5640
-₽5052
-₽8789
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
accident
-
-
-
361
income
-
-
-
5 538
other
-
-
-
40
unemployment
-
-
-
279
pensions
-
-
-
11 320
total
-
-
-
17 538
Employee
36 996
-
29 348
-
other
36
-
34
-
unemployment
573
-
518
-
pensions
1 739
-
1 570
-
income
7 133
-
5 352
-
total
9 481
-
7 474
-
Employer
36 996
-
29 348
-
pensions
8 730
-
7 885
-
accident
733
-
661
-
unemployment
2 035
-
1 838
-
other
296
-
268
-
total
11 794
-
10 652
-
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
-
6 911
-
-
total
-
6 911
-
-
Income
40 000
40 000
40 000
40 000
Total tax
21 275
12 911
18 126
17 538
After tax
18 725
27 089
21 874
22 462
Living cost
27 514
27 514
27 514
27 514
Free-cash
-8 789
-425
-5 640
-5 052

Estimated living cost  is ₽27514 per week

₽18571
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2645
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽482
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.
₽5816
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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