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
₽ 161500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽49786

₽48937

₽44569

₽45837

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

161 500

municipal

17 581

pensions

19 380

national

27 244

social contributions

1 736

total

65 941

Employee

79 044

139 615

municipal

9 763

18 206

pensions

3 162

5 585

national

15 129

28 212

total

28 054

52 003

Employer

79 044

139 615

social contributions

850

1 501

pensions

6 324

11 169

total

7 174

12 670

Corporate

70 066

161 500

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%.

14 013

32 300

total

14 013

32 300

Dividends

56 053

129 200

withholding

12 332

28 424

total

12 332

28 424

Income

161 500

Total tax

61 573

60 724

64 673

65 941

After tax

99 927

100 776

96 827

95 559

Living cost

50 990

Free-cash

48 937

49 786

45 837

44 569

Estimated living cost is ₽50990 per week

₽34657

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

₽4740

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

₽763

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.

₽10830

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.