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
₴ 45500
per

Your estimated
City
free-cash

Valencia , Spain
₴21495
₴15062
₴16631
₴19936
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
-
-
-
45 500
unemployment
-
-
-
212
pensions
-
-
-
8 564
accident
-
-
-
273
other
-
-
-
30
income
-
-
-
10 812
total
-
-
-
19 891
Employee
12 073
-
35 852
-
pensions
568
-
1 423
-
other
12
-
30
-
unemployment
187
-
469
-
income
2 328
-
9 891
-
total
3 095
-
11 813
-
Employer
12 073
-
35 852
-
pensions
2 849
-
7 142
-
accident
239
-
599
-
unemployment
664
-
1 664
-
other
97
-
242
-
total
3 849
-
9 647
-
Corporate
29 578
45 500
-
-
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.

4 437
6 825
-
-
total
4 437
6 825
-
-
Dividends
25 141
38 675
-
-
withholding
5 205
8 202
-
-
total
5 205
8 202
-
-
Income
45 500
45 500
45 500
45 500
Total tax
16 586
15 027
21 460
19 891
After tax
28 914
30 473
24 040
25 609
Living cost
8 978
8 978
8 978
8 978
Free-cash
19 936
21 495
15 062
16 631

Estimated living cost  is ₴8978 per week

₴6060
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴863
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.
₴1898
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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