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
£ 1550

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

£531

£524

£475

£483

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

1 550

municipal

170

pensions

186

national

266

social contributions

total

639

Employee

676

1 340

municipal

176

pensions

national

129

280

total

240

510

Employer

676

1 340

social contributions

pensions

107

total

121

Corporate

768

1 550

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%.

154

310

total

154

310

Dividends

614

1 240

withholding

135

273

total

135

273

Income

1 550

Total tax

590

583

631

639

After tax

960

967

919

911

Living cost

436

Free-cash

524

531

483

475

Estimated living cost is £436 per week

£296

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.

Adjust living cost Show details Source

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.