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
₽ 173500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽56989

₽56137

₽51165

₽52410

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

173 500

municipal

18 974

pensions

20 820

national

29 401

social contributions

1 865

total

71 060

Employee

79 485

149 989

municipal

9 818

19 645

pensions

3 179

6 000

national

15 213

30 559

total

28 210

56 204

Employer

79 485

149 989

social contributions

854

1 612

pensions

6 359

11 999

total

7 213

13 611

Corporate

81 555

173 500

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%.

16 311

34 700

total

16 311

34 700

Dividends

65 244

138 800

withholding

14 354

30 536

total

14 354

30 536

Income

173 500

Total tax

66 088

65 236

69 815

71 060

After tax

107 412

108 264

103 685

102 440

Living cost

51 275

Free-cash

56 137

56 989

52 410

51 165

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.