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
₽ 120500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽24509

₽23666

₽21410

₽22355

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

120 500

municipal

12 807

pensions

14 460

national

19 845

social contributions

1 295

total

48 407

Employee

78 568

104 171

municipal

9 704

13 273

pensions

3 143

4 167

national

15 038

20 568

total

27 885

38 008

Employer

78 568

104 171

social contributions

845

1 120

pensions

6 285

8 334

total

7 130

9 454

Corporate

29 617

120 500

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%.

5 923

24 100

total

5 923

24 100

Dividends

23 693

96 400

withholding

5 213

21 208

total

5 213

21 208

Income

120 500

Total tax

46 151

45 308

47 462

48 407

After tax

74 349

75 192

73 038

72 093

Living cost

50 683

Free-cash

23 666

24 509

22 355

21 410

Estimated living cost is ₽50683 per week

₽34449

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

₽4711

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

₽759

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.

₽10764

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.