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
₽ 161000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽49189
₽48337
₽44016
₽45280
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
-
-
-
161 000
municipal
-
-
-
17 516
pensions
-
-
-
19 320
national
-
-
-
27 142
social contributions
-
-
-
1 731
total
-
-
-
65 709
Employee
79 485
-
139 183
-
municipal
9 818
-
18 139
-
pensions
3 179
-
5 567
-
national
15 213
-
28 108
-
total
28 210
-
51 814
-
Employer
79 485
-
139 183
-
social contributions
854
-
1 496
-
pensions
6 359
-
11 135
-
total
7 213
-
12 631
-
Corporate
69 055
161 000
-
-
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%.

13 811
32 200
-
-
total
13 811
32 200
-
-
Dividends
55 244
128 800
-
-
withholding
12 154
28 336
-
-
total
12 154
28 336
-
-
Income
161 000
161 000
161 000
161 000
Total tax
61 388
60 536
64 445
65 709
After tax
99 612
100 464
96 555
95 291
Living cost
51 275
51 275
51 275
51 275
Free-cash
48 337
49 189
45 280
44 016

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.
 Adjust living cost Show details Source

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.

Source of data for Reykjavik model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close