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
₽ 128500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽29194

₽28345

₽25698

₽26706

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

128 500

municipal

13 732

pensions

15 420

national

21 279

social contributions

1 381

total

51 812

Employee

79 044

111 087

municipal

9 763

14 230

pensions

3 162

4 443

national

15 129

22 050

total

28 054

40 723

Employer

79 044

111 087

social contributions

850

1 194

pensions

6 324

8 887

total

7 174

10 081

Corporate

37 066

128 500

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%.

7 413

25 700

total

7 413

25 700

Dividends

29 653

102 800

withholding

6 524

22 616

total

6 524

22 616

Income

128 500

Total tax

49 165

48 316

50 804

51 812

After tax

79 335

80 184

77 696

76 688

Living cost

50 990

Free-cash

28 345

29 194

26 706

25 698

Estimated living cost is ₽50990 per week

₽34657

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.