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
₴ 55500
per

Your estimated
City
free-cash

Valencia , Spain
₴28064
₴20848
₴22215
₴26627
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
-
-
-
55 500
unemployment
-
-
-
211
pensions
-
-
-
8 540
accident
-
-
-
272
other
-
-
-
30
income
-
-
-
15 279
total
-
-
-
24 332
Employee
12 039
-
45 879
-
pensions
566
-
1 419
-
other
12
-
30
-
unemployment
187
-
468
-
income
2 321
-
14 161
-
total
3 086
-
16 078
-
Employer
12 039
-
45 879
-
pensions
2 841
-
7 122
-
accident
238
-
597
-
unemployment
662
-
1 660
-
other
96
-
242
-
total
3 837
-
9 621
-
Corporate
39 623
55 500
-
-
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.

5 943
8 325
-
-
total
5 943
8 325
-
-
Dividends
33 679
47 175
-
-
withholding
7 054
10 158
-
-
total
7 054
10 158
-
-
Income
55 500
55 500
55 500
55 500
Total tax
19 920
18 483
25 699
24 332
After tax
35 580
37 017
29 801
31 168
Living cost
8 953
8 953
8 953
8 953
Free-cash
26 627
28 064
20 848
22 215

Estimated living cost  is ₴8953 per week

₴6043
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴861
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.
₴1893
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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