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
₽ 152500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽44628

₽43788

₽39852

₽41049

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

152 500

municipal

16 543

pensions

18 300

national

25 634

social contributions

1 639

total

62 116

Employee

78 334

131 835

municipal

9 676

17 133

pensions

3 133

5 273

national

14 993

26 549

total

27 802

48 955

Employer

78 334

131 835

social contributions

842

1 417

pensions

6 267

10 547

total

7 109

11 964

Corporate

61 887

152 500

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%.

12 377

30 500

total

12 377

30 500

Dividends

49 509

122 000

withholding

10 892

26 840

total

10 892

26 840

Income

152 500

Total tax

58 180

57 340

60 919

62 116

After tax

94 320

95 160

91 581

90 384

Living cost

50 532

Free-cash

43 788

44 628

41 049

39 852

Estimated living cost is ₽50532 per week

₽34346

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

₽4697

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

₽756

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.

₽10732

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.