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
₽ 162500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽50133

₽49281

₽44881

₽46157

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

162 500

municipal

17 691

pensions

19 500

national

27 414

social contributions

1 747

total

66 352

Employee

79 474

140 480

municipal

9 816

18 320

pensions

3 179

5 619

national

15 211

28 389

total

28 206

52 328

Employer

79 474

140 480

social contributions

854

1 510

pensions

6 358

11 238

total

7 212

12 748

Corporate

70 569

162 500

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%.

14 114

32 500

total

14 114

32 500

Dividends

56 455

130 000

withholding

12 420

28 600

total

12 420

28 600

Income

162 500

Total tax

61 952

61 100

65 076

66 352

After tax

100 548

101 400

97 424

96 148

Living cost

51 267

Free-cash

49 281

50 133

46 157

44 881

Estimated living cost is ₽51267 per week

₽34846

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.

₽10888

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.