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
₴ 16000
per

Your estimated
City
free-cash

Valencia , Spain
-₴3534
-₴9531
-₴5326
-₴6853
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
-
-
-
16 000
unemployment
-
-
-
112
accident
-
-
-
144
income
-
-
-
2 128
pensions
-
-
-
4 528
other
-
-
-
16
total
-
-
-
6 928
Employee
19 359
-
10 426
-
pensions
910
-
822
-
unemployment
300
-
271
-
income
3 732
-
1 770
-
other
19
-
18
-
total
4 961
-
2 881
-
Employer
19 359
-
10 426
-
pensions
4 568
-
4 126
-
accident
384
-
346
-
other
155
-
140
-
unemployment
1 065
-
962
-
total
6 172
-
5 574
-
Corporate
-
16 000
-
-
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.

-
2 400
-
-
total
-
2 400
-
-
Dividends
-
13 600
-
-
withholding
-
2 736
-
-
total
-
2 736
-
-
Income
16 000
16 000
16 000
16 000
Total tax
11 133
5 136
8 455
6 928
After tax
4 867
10 864
7 545
9 072
Living cost
14 398
14 398
14 398
14 398
Free-cash
-9 531
-3 534
-6 853
-5 326

Estimated living cost  is ₴14398 per week

₴9718
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1384
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴252
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.
₴3043
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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