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
₴ 38500
per

Your estimated
City
free-cash

Valencia , Spain
₴14240
₴12009
₴8638
₴8910
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
-
-
-
38 500
accident
-
-
-
347
income
-
-
-
6 602
pensions
-
-
-
10 895
other
-
-
-
39
unemployment
-
-
-
270
total
-
-
-
18 153
Employee
15 745
-
29 194
-
other
15
-
29
-
income
3 035
-
6 719
-
pensions
740
-
1 372
-
unemployment
244
-
453
-
total
4 034
-
8 573
-
Employer
15 745
-
29 194
-
accident
312
-
578
-
other
126
-
234
-
unemployment
866
-
1 606
-
pensions
3 715
-
6 890
-
total
5 019
-
9 308
-
Corporate
17 735
38 500
-
-
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.

2 660
5 775
-
-
total
2 660
5 775
-
-
Dividends
15 075
32 725
-
-
withholding
3 069
6 776
-
-
total
3 069
6 776
-
-
Income
38 500
38 500
38 500
38 500
Total tax
14 782
12 551
17 881
18 153
After tax
23 718
25 949
20 619
20 347
Living cost
11 709
11 709
11 709
11 709
Free-cash
12 009
14 240
8 910
8 638

Estimated living cost  is ₴11709 per week

₴7904
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1126
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴205
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.
₴2475
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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