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
₽ 137000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽31071
₽32147
₽34206
₽35046
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
-
-
-
137 000
social contributions
-
-
-
1 473
municipal
-
-
-
14 737
national
-
-
-
22 837
pensions
-
-
-
16 440
total
-
-
-
55 487
Employee
78 195
-
118 435
-
pensions
3 128
-
4 737
-
national
14 966
-
23 658
-
municipal
9 658
-
15 268
-
total
27 752
-
43 663
-
Employer
78 195
-
118 435
-
pensions
6 256
-
9 475
-
social contributions
841
-
1 273
-
total
7 097
-
10 748
-
Corporate
46 548
137 000
-
-
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%.

9 310
27 400
-
-
total
9 310
27 400
-
-
Dividends
37 239
109 600
-
-
withholding
8 193
24 112
-
-
total
8 193
24 112
-
-
Income
137 000
137 000
137 000
137 000
Total tax
52 352
51 512
54 411
55 487
After tax
84 648
85 488
82 589
81 513
Living cost
50 442
50 442
50 442
50 442
Free-cash
34 206
35 046
32 147
31 071

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.

Source of data for Reykjavik model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close