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
₴ 16500
per

Your estimated
City
free-cash

Valencia , Spain
₴2201
₴339
₴210
₴430
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
-
-
-
16 500
unemployment
-
-
-
116
pensions
-
-
-
4 669
accident
-
-
-
148
other
-
-
-
17
income
-
-
-
2 387
total
-
-
-
7 337
Employee
12 039
-
12 510
-
pensions
566
-
588
-
other
12
-
12
-
unemployment
187
-
194
-
income
2 321
-
2 427
-
total
3 086
-
3 221
-
Employer
12 039
-
12 510
-
pensions
2 841
-
2 952
-
accident
238
-
248
-
unemployment
662
-
688
-
other
96
-
99
-
total
3 837
-
3 987
-
Corporate
623
16 500
-
-
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.

93
2 475
-
-
total
93
2 475
-
-
Dividends
529
14 025
-
-
withholding
101
2 871
-
-
total
101
2 871
-
-
Income
16 500
16 500
16 500
16 500
Total tax
7 117
5 346
7 208
7 337
After tax
9 383
11 154
9 292
9 163
Living cost
8 953
8 953
8 953
8 953
Free-cash
430
2 201
339
210

Estimated living cost  is ₴8953 per week

₴6043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴157
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.
₴1893
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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