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
₽ 176000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽56919
₽63988
₽57863
₽64737
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
-
-
-
176 000
national
-
-
-
31 564
pensions
-
-
-
21 120
social contributions
-
-
-
1 892
municipal
-
-
-
19 418
total
-
-
-
73 994
Employee
69 893
-
152 150
-
municipal
8 633
-
20 099
-
national
13 377
-
33 057
-
pensions
2 796
-
6 086
-
total
24 806
-
59 242
-
Employer
69 893
-
152 150
-
pensions
5 591
-
12 172
-
social contributions
751
-
1 636
-
total
6 342
-
13 808
-
Corporate
95 151
176 000
-
-
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%.

19 030
35 200
-
-
total
19 030
35 200
-
-
Dividends
76 121
140 800
-
-
withholding
16 747
30 976
-
-
total
16 747
30 976
-
-
Income
176 000
176 000
176 000
176 000
Total tax
66 925
66 176
73 050
73 994
After tax
109 075
109 824
102 950
102 006
Living cost
45 087
45 087
45 087
45 087
Free-cash
63 988
64 737
57 863
56 919

Estimated living cost  is ₽45087 per week

₽30645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽675
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.
₽9576
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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