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
₽ 123000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽25758
₽24910
₽22548
₽23513
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
-
-
-
123 000
municipal
-
-
-
13 091
pensions
-
-
-
14 760
national
-
-
-
20 285
social contributions
-
-
-
1 322
total
-
-
-
49 458
Employee
79 050
-
106 332
-
municipal
9 764
-
13 567
-
pensions
3 162
-
4 253
-
national
15 130
-
21 023
-
total
28 056
-
38 843
-
Employer
79 050
-
106 332
-
social contributions
850
-
1 143
-
pensions
6 324
-
8 507
-
total
7 174
-
9 650
-
Corporate
31 559
123 000
-
-
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%.

6 312
24 600
-
-
total
6 312
24 600
-
-
Dividends
25 247
98 400
-
-
withholding
5 554
21 648
-
-
total
5 554
21 648
-
-
Income
123 000
123 000
123 000
123 000
Total tax
47 096
46 248
48 493
49 458
After tax
75 904
76 752
74 507
73 542
Living cost
50 994
50 994
50 994
50 994
Free-cash
24 910
25 758
23 513
22 548

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.
 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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close