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
₽ 1652500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₽2469163

-₽1406446

-₽1326645

-₽1339613

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

1 652 500

national

205 699

pensions

198 300

social contributions

17 764

municipal

132 744

total

554 507

Employee

3 778 741

1 428 572

pensions

151 150

57 143

municipal

466 736

139 142

national

723 249

215 612

total

1 341 135

411 897

Employer

3 778 741

1 428 572

social contributions

40 622

15 357

pensions

302 300

114 285

total

342 922

129 642

Corporate

1 652 500

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%.

330 500

total

330 500

Dividends

1 322 000

withholding

290 840

total

290 840

Income

1 652 500

Total tax

1 684 057

621 340

541 539

554 507

After tax

-31 557

1 031 160

1 110 961

1 097 993

Living cost

2 437 606

Free-cash

-2 469 163

-1 406 446

-1 326 645

-1 339 613

Estimated living cost is ₽2437606 per year

₽1656815

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

₽226594

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

₽36484

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.

₽517713

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.