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
₴ 50000
per

Your estimated
City
free-cash

Valencia , Spain
₴22981
₴15497
₴17344
₴21087
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
-
-
-
50 000
unemployment
-
-
-
249
pensions
-
-
-
10 073
accident
-
-
-
321
other
-
-
-
36
income
-
-
-
11 416
total
-
-
-
22 095
Employee
14 200
-
38 652
-
pensions
668
-
1 673
-
other
14
-
36
-
unemployment
220
-
552
-
income
2 738
-
10 332
-
total
3 640
-
12 593
-
Employer
14 200
-
38 652
-
pensions
3 351
-
8 401
-
accident
281
-
705
-
unemployment
781
-
1 958
-
other
114
-
285
-
total
4 527
-
11 349
-
Corporate
31 272
50 000
-
-
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.

4 691
7 500
-
-
total
4 691
7 500
-
-
Dividends
26 582
42 500
-
-
withholding
5 494
8 958
-
-
total
5 494
8 958
-
-
Income
50 000
50 000
50 000
50 000
Total tax
18 352
16 458
23 942
22 095
After tax
31 648
33 542
26 058
27 905
Living cost
10 561
10 561
10 561
10 561
Free-cash
21 087
22 981
15 497
17 344

Estimated living cost  is ₴10561 per week

₴7128
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1015
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴185
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.
₴2232
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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