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
₽1714
-₽2987
-₽4964
-₽2814
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
other
-
-
-
40
pensions
-
-
-
11 320
accident
-
-
-
360
income
-
-
-
5 630
total
-
-
-
17 630
Employee
34 096
-
30 183
-
unemployment
528
-
478
-
income
6 573
-
5 684
-
other
33
-
31
-
pensions
1 603
-
1 447
-
total
8 737
-
7 640
-
Employer
34 096
-
30 183
-
unemployment
1 876
-
1 694
-
pensions
8 046
-
7 267
-
other
273
-
247
-
accident
675
-
609
-
total
10 870
-
9 817
-
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
-
6 929
-
-
total
-
6 929
-
-
Income
40 000
40 000
40 000
40 000
Total tax
19 607
12 929
17 457
17 630
After tax
20 393
27 071
22 543
22 370
Living cost
25 357
25 357
25 357
25 357
Free-cash
-4 964
1 714
-2 814
-2 987

Estimated living cost  is ₽25357 per week

₽17115
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2438
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽444
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.
₽5360
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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