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
₽ 172500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽56961

₽56117

₽51152

₽52311

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

172 500

municipal

18 872

pensions

20 700

national

29 243

social contributions

1 854

total

70 669

Employee

78 562

149 125

municipal

9 704

19 540

pensions

3 142

5 965

national

15 037

30 472

total

27 883

55 977

Employer

78 562

149 125

social contributions

845

1 603

pensions

6 285

11 930

total

7 130

13 533

Corporate

81 623

172 500

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%.

16 325

34 500

total

16 325

34 500

Dividends

65 299

138 000

withholding

14 366

30 360

total

14 366

30 360

Income

172 500

Total tax

65 704

64 860

69 510

70 669

After tax

106 796

107 640

102 990

101 831

Living cost

50 679

Free-cash

56 117

56 961

52 311

51 152

Estimated living cost is ₽50679 per week

₽34446

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

₽4711

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

₽759

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.

₽10764

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.