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
₽ 129500
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽26783
₽27799
₽29526
₽30366
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
-
-
-
129 500
social contributions
-
-
-
1 392
municipal
-
-
-
13 862
national
-
-
-
21 481
pensions
-
-
-
15 540
total
-
-
-
52 275
Employee
78 195
-
111 952
-
pensions
3 128
-
4 478
-
national
14 966
-
22 258
-
municipal
9 658
-
14 364
-
total
27 752
-
41 100
-
Employer
78 195
-
111 952
-
pensions
6 256
-
8 956
-
social contributions
841
-
1 203
-
total
7 097
-
10 159
-
Corporate
39 048
129 500
-
-
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%.

7 810
25 900
-
-
total
7 810
25 900
-
-
Dividends
31 239
103 600
-
-
withholding
6 873
22 792
-
-
total
6 873
22 792
-
-
Income
129 500
129 500
129 500
129 500
Total tax
49 532
48 692
51 259
52 275
After tax
79 968
80 808
78 241
77 225
Living cost
50 442
50 442
50 442
50 442
Free-cash
29 526
30 366
27 799
26 783

Estimated living cost  is ₽50442 per week

₽34285
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4689
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽755
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.
₽10713
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.

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