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
₽ 144500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽35361

₽36494

₽38886

₽39726

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

144 500

social contributions

1 553

municipal

15 612

national

24 192

pensions

17 340

total

58 697

Employee

78 195

124 919

pensions

3 128

4 997

national

14 966

25 059

municipal

9 658

16 171

total

27 752

46 227

Employer

78 195

124 919

pensions

6 256

9 994

social contributions

841

1 343

total

7 097

11 337

Corporate

54 048

144 500

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%.

10 810

28 900

total

10 810

28 900

Dividends

43 239

115 600

withholding

9 513

25 432

total

9 513

25 432

Income

144 500

Total tax

55 172

54 332

57 564

58 697

After tax

89 328

90 168

86 936

85 803

Living cost

50 442

Free-cash

38 886

39 726

36 494

35 361

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.

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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.