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
₽ 109500
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽17053
₽16201
₽14564
₽15423
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
-
-
-
109 500
municipal
-
-
-
11 509
pensions
-
-
-
13 140
national
-
-
-
17 835
social contributions
-
-
-
1 177
total
-
-
-
43 661
Employee
79 485
-
94 662
-
municipal
9 818
-
11 933
-
pensions
3 179
-
3 786
-
national
15 213
-
18 492
-
total
28 210
-
34 211
-
Employer
79 485
-
94 662
-
social contributions
854
-
1 018
-
pensions
6 359
-
7 573
-
total
7 213
-
8 591
-
Corporate
17 555
109 500
-
-
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%.

3 511
21 900
-
-
total
3 511
21 900
-
-
Dividends
14 044
87 600
-
-
withholding
3 090
19 272
-
-
total
3 090
19 272
-
-
Income
109 500
109 500
109 500
109 500
Total tax
42 024
41 172
42 802
43 661
After tax
67 476
68 328
66 698
65 839
Living cost
51 275
51 275
51 275
51 275
Free-cash
16 201
17 053
15 423
14 564

Estimated living cost  is ₽51275 per week

₽34851
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽767
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.
₽10890
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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