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
₽ 139000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽35742
₽34894
₽31698
₽32788
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
-
-
-
139 000
municipal
-
-
-
14 957
pensions
-
-
-
16 680
national
-
-
-
23 177
social contributions
-
-
-
1 494
total
-
-
-
56 308
Employee
79 050
-
120 164
-
municipal
9 764
-
15 495
-
pensions
3 162
-
4 807
-
national
15 130
-
24 011
-
total
28 056
-
44 313
-
Employer
79 050
-
120 164
-
social contributions
850
-
1 292
-
pensions
6 324
-
9 613
-
total
7 174
-
10 905
-
Corporate
47 559
139 000
-
-
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%.

9 512
27 800
-
-
total
9 512
27 800
-
-
Dividends
38 047
111 200
-
-
withholding
8 370
24 464
-
-
total
8 370
24 464
-
-
Income
139 000
139 000
139 000
139 000
Total tax
53 112
52 264
55 218
56 308
After tax
85 888
86 736
83 782
82 692
Living cost
50 994
50 994
50 994
50 994
Free-cash
34 894
35 742
32 788
31 698

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.
 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

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