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
₽ 121500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽24822

₽23974

₽21690

₽22644

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

121 500

municipal

12 916

pensions

14 580

national

20 014

social contributions

1 306

total

48 816

Employee

79 050

105 036

municipal

9 764

13 386

pensions

3 162

4 201

national

15 130

20 743

total

28 056

38 330

Employer

79 050

105 036

social contributions

850

1 129

pensions

6 324

8 403

total

7 174

9 532

Corporate

30 059

121 500

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%.

6 012

24 300

total

6 012

24 300

Dividends

24 047

97 200

withholding

5 290

21 384

total

5 290

21 384

Income

121 500

Total tax

46 532

45 684

47 862

48 816

After tax

74 968

75 816

73 638

72 684

Living cost

50 994

Free-cash

23 974

24 822

22 644

21 690

Estimated living cost is ₽50994 per week

₽34660

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

₽4740

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

₽763

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.

₽10830

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.