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
-₽107
-₽8221
-₽4743
-₽5221
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
unemployment
-
-
-
280
accident
-
-
-
360
income
-
-
-
5 552
pensions
-
-
-
11 319
other
-
-
-
39
total
-
-
-
17 550
Employee
36 564
-
29 472
-
pensions
1 719
-
1 552
-
unemployment
567
-
512
-
income
7 049
-
5 402
-
other
36
-
34
-
total
9 371
-
7 500
-
Employer
36 564
-
29 472
-
pensions
8 628
-
7 793
-
accident
724
-
653
-
other
293
-
265
-
unemployment
2 012
-
1 817
-
total
11 657
-
10 528
-
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.

-
5 999
-
-
total
-
5 999
-
-
Dividends
-
34 001
-
-
withholding
-
6 915
-
-
total
-
6 915
-
-
Income
40 000
40 000
40 000
40 000
Total tax
21 028
12 914
18 028
17 550
After tax
18 972
27 086
21 972
22 450
Living cost
27 193
27 193
27 193
27 193
Free-cash
-8 221
-107
-5 221
-4 743

Estimated living cost  is ₽27193 per week

₽18355
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2614
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽477
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.
₽5748
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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