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
₽ 125500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽27318

₽26470

₽23978

₽24963

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

125 500

municipal

13 382

pensions

15 060

national

20 737

social contributions

1 349

total

50 528

Employee

79 050

108 494

municipal

9 764

13 868

pensions

3 162

4 340

national

15 130

21 490

total

28 056

39 698

Employer

79 050

108 494

social contributions

850

1 166

pensions

6 324

8 679

total

7 174

9 845

Corporate

34 059

125 500

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%.

6 812

25 100

total

6 812

25 100

Dividends

27 247

100 400

withholding

5 994

22 088

total

5 994

22 088

Income

125 500

Total tax

48 036

47 188

49 543

50 528

After tax

77 464

78 312

75 957

74 972

Living cost

50 994

Free-cash

26 470

27 318

24 963

23 978

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.