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
₴ 28000
per

Your estimated
City
free-cash

Valencia , Spain
₴9873
₴6053
₴5856
₴8155
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
-
-
-
28 000
unemployment
-
-
-
196
pensions
-
-
-
7 924
accident
-
-
-
252
other
-
-
-
28
income
-
-
-
4 740
total
-
-
-
13 140
Employee
12 107
-
21 231
-
pensions
569
-
998
-
other
12
-
21
-
unemployment
188
-
329
-
income
2 334
-
4 825
-
total
3 103
-
6 173
-
Employer
12 107
-
21 231
-
pensions
2 857
-
5 011
-
accident
240
-
421
-
unemployment
666
-
1 168
-
other
97
-
170
-
total
3 860
-
6 770
-
Corporate
12 033
28 000
-
-
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.

1 805
4 200
-
-
total
1 805
4 200
-
-
Dividends
10 227
23 800
-
-
withholding
2 073
4 923
-
-
total
2 073
4 923
-
-
Income
28 000
28 000
28 000
28 000
Total tax
10 841
9 123
12 943
13 140
After tax
17 159
18 877
15 057
14 860
Living cost
9 004
9 004
9 004
9 004
Free-cash
8 155
9 873
6 053
5 856

Estimated living cost  is ₴9004 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴158
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.
₴1903
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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