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
₽ 175500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽58237

₽57385

₽52308

₽53415

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

175 500

municipal

19 207

pensions

21 060

national

29 763

social contributions

1 887

total

71 917

Employee

79 485

151 718

municipal

9 818

19 886

pensions

3 179

6 069

national

15 213

31 087

total

28 210

57 042

Employer

79 485

151 718

social contributions

854

1 631

pensions

6 359

12 137

total

7 213

13 768

Corporate

83 555

175 500

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%.

16 711

35 100

total

16 711

35 100

Dividends

66 844

140 400

withholding

14 706

30 888

total

14 706

30 888

Income

175 500

Total tax

66 840

65 988

70 810

71 917

After tax

108 660

109 512

104 690

103 583

Living cost

51 275

Free-cash

57 385

58 237

53 415

52 308

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.