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
₽ 61000
per

Your estimated
City
free-cash

Valencia , Spain
₽16636
₽8896
₽8465
₽11957
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
-
-
-
61 000
unemployment
-
-
-
427
pensions
-
-
-
17 263
accident
-
-
-
548
other
-
-
-
61
income
-
-
-
9 706
total
-
-
-
28 005
Employee
32 983
-
46 253
-
pensions
1 551
-
2 174
-
other
32
-
46
-
unemployment
511
-
718
-
income
6 359
-
9 890
-
total
8 453
-
12 828
-
Employer
32 983
-
46 253
-
pensions
7 783
-
10 915
-
accident
653
-
916
-
unemployment
1 815
-
2 544
-
other
264
-
371
-
total
10 515
-
14 746
-
Corporate
17 501
61 000
-
-
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.

2 625
9 149
-
-
total
2 625
9 149
-
-
Dividends
14 876
51 851
-
-
withholding
2 920
10 685
-
-
total
2 920
10 685
-
-
Income
61 000
61 000
61 000
61 000
Total tax
24 513
19 834
27 574
28 005
After tax
36 487
41 166
33 426
32 995
Living cost
24 530
24 530
24 530
24 530
Free-cash
11 957
16 636
8 896
8 465

Estimated living cost  is ₽24530 per week

₽16557
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽2358
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽430
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.
₽5185
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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