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
₽ 40500
per

Your estimated
City
free-cash

Valencia , Spain
-₽5470
-₽3264
₽1488
-₽3176
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
-
-
-
40 500
accident
-
-
-
365
unemployment
-
-
-
283
pensions
-
-
-
11 462
other
-
-
-
41
income
-
-
-
5 690
total
-
-
-
17 841
Employee
34 857
-
30 464
-
pensions
1 639
-
1 479
-
other
34
-
32
-
income
6 720
-
5 718
-
unemployment
540
-
488
-
total
8 933
-
7 717
-
Employer
34 857
-
30 464
-
accident
691
-
623
-
other
279
-
252
-
unemployment
1 918
-
1 732
-
pensions
8 226
-
7 429
-
total
11 114
-
10 036
-
Corporate
-
40 500
-
-
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.

-
6 075
-
-
total
-
6 075
-
-
Dividends
-
34 425
-
-
withholding
-
7 014
-
-
total
-
7 014
-
-
Income
40 500
40 500
40 500
40 500
Total tax
20 047
13 089
17 753
17 841
After tax
20 453
27 411
22 747
22 659
Living cost
25 923
25 923
25 923
25 923
Free-cash
-5 470
1 488
-3 176
-3 264

Estimated living cost  is ₽25923 per week

₽17498
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2492
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽454
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.
₽5480
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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