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
£ 1750

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

£652

£646

£572

£581

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

1 750

municipal

193

pensions

210

national

316

social contributions

total

738

Employee

682

1 513

municipal

200

pensions

national

130

331

total

241

592

Employer

682

1 513

social contributions

pensions

121

total

137

Corporate

962

1 750

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%.

192

350

total

192

350

Dividends

769

1 400

withholding

169

308

total

169

308

Income

1 750

Total tax

664

658

729

738

After tax

1 086

1 092

1 021

1 012

Living cost

440

Free-cash

646

652

581

572

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.

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.