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
₽ 146500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽36739

₽37889

₽40391

₽41224

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

146 500

social contributions

1 575

municipal

15 851

national

24 563

pensions

17 580

total

59 569

Employee

77 807

126 648

pensions

3 112

5 066

national

14 892

25 442

municipal

9 610

16 418

total

27 614

46 926

Employer

77 807

126 648

pensions

6 225

10 132

social contributions

836

1 361

total

7 061

11 493

Corporate

56 497

146 500

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%.

11 299

29 300

total

11 299

29 300

Dividends

45 197

117 200

withholding

9 943

25 784

total

9 943

25 784

Income

146 500

Total tax

55 917

55 084

58 419

59 569

After tax

90 583

91 416

88 081

86 931

Living cost

50 192

Free-cash

40 391

41 224

37 889

36 739

Estimated living cost is ₽50192 per week

₽34115

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

₽4666

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

₽751

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.

₽10660

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.