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
₽ 163000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽50437

₽49585

₽45160

₽46439

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

163 000

municipal

17 749

pensions

19 560

national

27 504

social contributions

1 752

total

66 565

Employee

79 485

140 912

municipal

9 818

18 380

pensions

3 179

5 636

national

15 213

28 482

total

28 210

52 498

Employer

79 485

140 912

social contributions

854

1 515

pensions

6 359

11 273

total

7 213

12 788

Corporate

71 055

163 000

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%.

14 211

32 600

total

14 211

32 600

Dividends

56 844

130 400

withholding

12 506

28 688

total

12 506

28 688

Income

163 000

Total tax

62 140

61 288

65 286

66 565

After tax

100 860

101 712

97 714

96 435

Living cost

51 275

Free-cash

49 585

50 437

46 439

45 160

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.

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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.