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
₴ 55000
per

Your estimated
City
free-cash

Valencia , Spain
₴27690
₴20518
₴21892
₴26243
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
-
-
-
55 000
unemployment
-
-
-
213
pensions
-
-
-
8 589
accident
-
-
-
273
other
-
-
-
30
income
-
-
-
14 999
total
-
-
-
24 104
Employee
12 107
-
45 324
-
pensions
569
-
1 427
-
other
12
-
30
-
unemployment
188
-
470
-
income
2 334
-
13 875
-
total
3 103
-
15 802
-
Employer
12 107
-
45 324
-
pensions
2 857
-
7 163
-
accident
240
-
601
-
unemployment
666
-
1 669
-
other
97
-
243
-
total
3 860
-
9 676
-
Corporate
39 033
55 000
-
-
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.

5 855
8 250
-
-
total
5 855
8 250
-
-
Dividends
33 178
46 750
-
-
withholding
6 935
10 056
-
-
total
6 935
10 056
-
-
Income
55 000
55 000
55 000
55 000
Total tax
19 753
18 306
25 478
24 104
After tax
35 247
36 694
29 522
30 896
Living cost
9 004
9 004
9 004
9 004
Free-cash
26 243
27 690
20 518
21 892

Estimated living cost  is ₴9004 per week

₴6078
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴866
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.
₴1903
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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