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
₴ 891000
per

Your estimated
City
free-cash

Valencia , Spain
-₴1283546
-₴561597
-₴695115
-₴662733
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
-
-
-
891 000
other
-
-
-
875
income
-
-
-
121 035
pensions
-
-
-
252 158
accident
-
-
-
8 015
unemployment
-
-
-
6 219
total
-
-
-
388 302
Employee
1 648 833
-
632 577
-
pensions
77 481
-
38 095
-
other
1 658
-
829
-
income
378 720
-
110 762
-
unemployment
25 566
-
12 576
-
total
483 425
-
162 262
-
Employer
1 648 833
-
632 577
-
other
13 221
-
6 495
-
unemployment
90 701
-
44 591
-
accident
32 660
-
16 030
-
pensions
389 108
-
191 306
-
total
525 690
-
258 422
-
Corporate
-
891 000
-
-
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.

-
133 633
-
-
total
-
133 633
-
-
Dividends
-
757 367
-
-
withholding
-
153 533
-
-
total
-
153 533
-
-
Income
891 000
891 000
891 000
891 000
Total tax
1 009 115
287 166
420 684
388 302
After tax
-118 115
603 834
470 316
502 698
Living cost
1 165 431
1 165 431
1 165 431
1 165 431
Free-cash
-1 283 546
-561 597
-695 115
-662 733

Estimated living cost  is ₴1165431 per year

₴731506
Rent. Two to three bedrooms at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴128382
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴23401
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.
₴282146
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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