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
₽ 176500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽59142

₽58294

₽53144

₽54108

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

176 500

municipal

19 331

pensions

21 180

national

29 954

social contributions

1 897

total

72 362

Employee

79 050

152 583

municipal

9 764

20 014

pensions

3 162

6 103

national

15 130

31 434

total

28 056

57 551

Employer

79 050

152 583

social contributions

850

1 640

pensions

6 324

12 207

total

7 174

13 847

Corporate

85 059

176 500

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%.

17 012

35 300

total

17 012

35 300

Dividends

68 047

141 200

withholding

14 970

31 064

total

14 970

31 064

Income

176 500

Total tax

67 212

66 364

71 398

72 362

After tax

109 288

110 136

105 102

104 138

Living cost

50 994

Free-cash

58 294

59 142

54 108

53 144

Estimated living cost is ₽50994 per week

₽34660

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

₽4740

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

₽763

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.

₽10830

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.