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
₽ 109000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽15052
₽15908
₽16728
₽17567
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
-
-
-
109 000
social contributions
-
-
-
1 172
municipal
-
-
-
11 471
national
-
-
-
17 776
pensions
-
-
-
13 080
total
-
-
-
43 499
Employee
78 206
-
94 230
-
pensions
3 128
-
3 769
-
national
14 969
-
18 430
-
municipal
9 660
-
11 893
-
total
27 757
-
34 092
-
Employer
78 206
-
94 230
-
pensions
6 256
-
7 538
-
social contributions
841
-
1 013
-
total
7 097
-
8 551
-
Corporate
18 536
109 000
-
-
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%.

3 707
21 800
-
-
total
3 707
21 800
-
-
Dividends
14 828
87 200
-
-
withholding
3 262
19 184
-
-
total
3 262
19 184
-
-
Income
109 000
109 000
109 000
109 000
Total tax
41 823
40 984
42 643
43 499
After tax
67 177
68 016
66 357
65 501
Living cost
50 449
50 449
50 449
50 449
Free-cash
16 728
17 567
15 908
15 052

Estimated living cost  is ₽50449 per week

₽34290
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4690
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽755
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.
₽10715
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.

Source of data for Reykjavik model

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