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
₽ 126500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽27810

₽26961

₽24425

₽25418

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

126 500

municipal

13 496

pensions

15 180

national

20 913

social contributions

1 360

total

50 949

Employee

79 255

109 358

municipal

9 789

13 985

pensions

3 170

4 374

national

15 169

21 672

total

28 128

40 031

Employer

79 255

109 358

social contributions

852

1 176

pensions

6 340

8 749

total

7 192

9 925

Corporate

34 822

126 500

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%.

6 964

25 300

total

6 964

25 300

Dividends

27 858

101 200

withholding

6 129

22 264

total

6 129

22 264

Income

126 500

Total tax

48 413

47 564

49 956

50 949

After tax

78 087

78 936

76 544

75 551

Living cost

51 126

Free-cash

26 961

27 810

25 418

24 425

Estimated living cost is ₽51126 per week

₽34750

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

₽4753

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

₽765

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.

₽10858

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.