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
₽ 145500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽39798

₽38950

₽35415

₽36557

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

145 500

municipal

15 715

pensions

17 460

national

24 352

social contributions

1 564

total

59 091

Employee

79 050

125 783

municipal

9 764

16 278

pensions

3 162

5 031

national

15 130

25 225

total

28 056

46 534

Employer

79 050

125 783

social contributions

850

1 352

pensions

6 324

10 063

total

7 174

11 415

Corporate

54 059

145 500

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%.

10 812

29 100

total

10 812

29 100

Dividends

43 247

116 400

withholding

9 514

25 608

total

9 514

25 608

Income

145 500

Total tax

55 556

54 708

57 949

59 091

After tax

89 944

90 792

87 551

86 409

Living cost

50 994

Free-cash

38 950

39 798

36 557

35 415

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.

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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.