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
₽ 143500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽38861

₽38018

₽34563

₽35689

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

143 500

municipal

15 489

pensions

17 220

national

24 002

social contributions

1 543

total

58 254

Employee

78 568

124 054

municipal

9 704

16 045

pensions

3 143

4 962

national

15 038

24 863

total

27 885

45 870

Employer

78 568

124 054

social contributions

845

1 334

pensions

6 285

9 924

total

7 130

11 258

Corporate

52 617

143 500

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%.

10 523

28 700

total

10 523

28 700

Dividends

42 093

114 800

withholding

9 261

25 256

total

9 261

25 256

Income

143 500

Total tax

54 799

53 956

57 128

58 254

After tax

88 701

89 544

86 372

85 246

Living cost

50 683

Free-cash

38 018

38 861

35 689

34 563

Estimated living cost is ₽50683 per week

₽34449

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽4711

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽759

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.

₽10764

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.