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
₽ 147500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽40765

₽39913

₽36296

₽37454

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

147 500

municipal

15 941

pensions

17 700

national

24 702

social contributions

1 586

total

59 929

Employee

79 485

127 512

municipal

9 818

16 512

pensions

3 179

5 100

national

15 213

25 587

total

28 210

47 199

Employer

79 485

127 512

social contributions

854

1 371

pensions

6 359

10 201

total

7 213

11 572

Corporate

55 555

147 500

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%.

11 111

29 500

total

11 111

29 500

Dividends

44 444

118 000

withholding

9 778

25 960

total

9 778

25 960

Income

147 500

Total tax

56 312

55 460

58 771

59 929

After tax

91 188

92 040

88 729

87 571

Living cost

51 275

Free-cash

39 913

40 765

37 454

36 296

Estimated living cost is ₽51275 per week

₽34851

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.

₽10890

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.