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
£ 1500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

£496

£490

£446

£455

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

1 500

municipal

164

pensions

180

national

254

social contributions

total

614

Employee

682

1 297

municipal

170

pensions

national

130

265

total

241

487

Employer

682

1 297

social contributions

pensions

104

total

118

Corporate

712

1 500

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%.

142

300

total

142

300

Dividends

569

1 200

withholding

125

264

total

125

264

Income

1 500

Total tax

570

564

605

614

After tax

930

936

895

886

Living cost

440

Free-cash

490

496

455

446

Estimated living cost is £440 per week

£299

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

£41

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

£7

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.

£93

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.