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
₽ 165000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽51555
₽57280
₽52441
₽58027
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
-
-
-
165 000
national
-
-
-
28 800
pensions
-
-
-
19 800
social contributions
-
-
-
1 774
municipal
-
-
-
18 138
total
-
-
-
68 512
Employee
69 655
-
142 641
-
municipal
8 604
-
18 777
-
national
13 332
-
30 199
-
pensions
2 786
-
5 706
-
total
24 722
-
54 682
-
Employer
69 655
-
142 641
-
pensions
5 572
-
11 411
-
social contributions
749
-
1 533
-
total
6 321
-
12 944
-
Corporate
84 426
165 000
-
-
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%.

16 885
33 000
-
-
total
16 885
33 000
-
-
Dividends
67 541
132 000
-
-
withholding
14 859
29 040
-
-
total
14 859
29 040
-
-
Income
165 000
165 000
165 000
165 000
Total tax
62 787
62 040
67 626
68 512
After tax
102 213
102 960
97 374
96 488
Living cost
44 933
44 933
44 933
44 933
Free-cash
57 280
58 027
52 441
51 555

Estimated living cost  is ₽44933 per week

₽30541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽673
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.
₽9543
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.

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