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
€ 2400

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

€987

€977

€847

€859

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

2 400

municipal

267

pensions

288

national

461

social contributions

total

1 042

Employee

792

2 075

municipal

277

pensions

national

152

482

total

282

842

Employer

792

2 075

social contributions

pensions

166

total

188

Corporate

1 484

2 400

income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

297

480

total

297

480

Dividends

1 187

1 920

withholding

261

422

total

261

422

Income

2 400

Total tax

912

902

1 030

1 042

After tax

1 488

1 498

1 370

1 358

Living cost

511

Free-cash

977

987

859

847

Estimated living cost is €511 per week

€347

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

€47

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

€8

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.

€108

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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Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.