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
₽ 155500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽43533

₽47295

₽42312

₽46468

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

155 500

municipal

16 912

social contributions

1 672

national

26 207

pensions

18 660

total

63 451

Employee

77 101

134 428

pensions

3 084

5 377

national

14 757

27 140

municipal

9 523

17 514

total

27 364

50 031

Employer

77 101

134 428

pensions

6 168

10 754

social contributions

829

1 445

total

6 997

12 199

Corporate

66 313

155 500

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%.

13 263

31 100

total

13 263

31 100

Dividends

53 050

124 400

withholding

11 671

27 368

total

11 671

27 368

Income

155 500

Total tax

59 295

58 468

62 230

63 451

After tax

96 205

97 032

93 270

92 049

Living cost

49 737

Free-cash

46 468

47 295

43 533

42 312

Estimated living cost is ₽49737 per week

₽33806

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

₽4623

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

₽744

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.

₽10563

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.