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
₴ 42500
per

Your estimated
City
free-cash

Valencia , Spain
₴19478
₴13083
₴14663
₴17856
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
-
-
-
42 500
unemployment
-
-
-
213
pensions
-
-
-
8 619
accident
-
-
-
274
other
-
-
-
31
income
-
-
-
9 664
total
-
-
-
18 801
Employee
12 150
-
32 791
-
pensions
571
-
1 432
-
other
12
-
31
-
unemployment
188
-
472
-
income
2 342
-
8 736
-
total
3 113
-
10 671
-
Employer
12 150
-
32 791
-
pensions
2 867
-
7 188
-
accident
241
-
603
-
unemployment
668
-
1 675
-
other
97
-
244
-
total
3 873
-
9 710
-
Corporate
26 477
42 500
-
-
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.

3 971
6 375
-
-
total
3 971
6 375
-
-
Dividends
22 505
36 125
-
-
withholding
4 651
7 611
-
-
total
4 651
7 611
-
-
Income
42 500
42 500
42 500
42 500
Total tax
15 608
13 986
20 381
18 801
After tax
26 892
28 514
22 119
23 699
Living cost
9 036
9 036
9 036
9 036
Free-cash
17 856
19 478
13 083
14 663

Estimated living cost  is ₴9036 per week

₴6099
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴869
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.
₴1910
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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