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
₽ 140000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽36092
₽35240
₽32013
₽33112
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
-
-
-
140 000
municipal
-
-
-
15 067
pensions
-
-
-
16 800
national
-
-
-
23 347
social contributions
-
-
-
1 505
total
-
-
-
56 719
Employee
79 474
-
121 029
-
municipal
9 816
-
15 609
-
pensions
3 179
-
4 841
-
national
15 211
-
24 187
-
total
28 206
-
44 637
-
Employer
79 474
-
121 029
-
social contributions
854
-
1 301
-
pensions
6 358
-
9 682
-
total
7 212
-
10 983
-
Corporate
48 068
140 000
-
-
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%.

9 614
28 000
-
-
total
9 614
28 000
-
-
Dividends
38 454
112 000
-
-
withholding
8 460
24 640
-
-
total
8 460
24 640
-
-
Income
140 000
140 000
140 000
140 000
Total tax
53 492
52 640
55 620
56 719
After tax
86 508
87 360
84 380
83 281
Living cost
51 268
51 268
51 268
51 268
Free-cash
35 240
36 092
33 112
32 013

Estimated living cost  is ₽51268 per week

₽34846
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4766
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽767
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.
₽10889
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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