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
₴18873
₴16627
₴12876
₴12071
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
accident
-
-
-
358
income
-
-
-
8 935
pensions
-
-
-
11 235
other
-
-
-
40
unemployment
-
-
-
278
total
-
-
-
20 846
Employee
15 837
-
34 500
-
other
15
-
34
-
income
3 053
-
8 461
-
pensions
745
-
1 622
-
unemployment
245
-
535
-
total
4 058
-
10 652
-
Employer
15 837
-
34 500
-
accident
314
-
683
-
other
127
-
276
-
unemployment
871
-
1 898
-
pensions
3 737
-
8 142
-
total
5 049
-
10 999
-
Corporate
24 614
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.

3 692
6 825
-
-
total
3 692
6 825
-
-
Dividends
20 922
38 675
-
-
withholding
4 296
8 024
-
-
total
4 296
8 024
-
-
Income
45 500
45 500
45 500
45 500
Total tax
17 095
14 849
21 651
20 846
After tax
28 405
30 651
23 849
24 654
Living cost
11 778
11 778
11 778
11 778
Free-cash
16 627
18 873
12 071
12 876

Estimated living cost  is ₴11778 per week

₴7950
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1132
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴206
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.
₴2490
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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