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
₽ 124500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽26413

₽25561

₽23142

₽24119

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

124 500

municipal

13 259

pensions

14 940

national

20 546

social contributions

1 338

total

50 083

Employee

79 485

107 629

municipal

9 818

13 741

pensions

3 179

4 305

national

15 213

21 293

total

28 210

39 339

Employer

79 485

107 629

social contributions

854

1 157

pensions

6 359

8 610

total

7 213

9 767

Corporate

32 555

124 500

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%.

6 511

24 900

total

6 511

24 900

Dividends

26 044

99 600

withholding

5 730

21 912

total

5 730

21 912

Income

124 500

Total tax

47 664

46 812

49 106

50 083

After tax

76 836

77 688

75 394

74 417

Living cost

51 275

Free-cash

25 561

26 413

24 119

23 142

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.

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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.