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
₴ 62000
per

Your estimated
City
free-cash

Valencia , Spain
₴20138
₴27554
₴24942
₴17809
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
-
-
-
62 000
accident
-
-
-
429
other
-
-
-
48
pensions
-
-
-
13 465
unemployment
-
-
-
333
income
-
-
-
13 471
total
-
-
-
27 746
Employee
18 981
-
47 012
-
pensions
892
-
2 209
-
unemployment
294
-
729
-
other
19
-
47
-
income
3 659
-
12 103
-
total
4 864
-
15 088
-
Employer
18 981
-
47 012
-
accident
376
-
931
-
pensions
4 479
-
11 094
-
other
152
-
377
-
unemployment
1 044
-
2 585
-
total
6 051
-
14 987
-
Corporate
36 968
62 000
-
-
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.

5 545
9 300
-
-
total
5 545
9 300
-
-
Dividends
31 423
52 700
-
-
withholding
6 482
11 030
-
-
total
6 482
11 030
-
-
Income
62 000
62 000
62 000
62 000
Total tax
22 942
20 330
30 075
27 746
After tax
39 058
41 670
31 925
34 254
Living cost
14 116
14 116
14 116
14 116
Free-cash
24 942
27 554
17 809
20 138

Estimated living cost  is ₴14116 per week

₴9528
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1357
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴247
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.
₴2984
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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Source of data for Valencia model

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Estimated living cost

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