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
₽ 177500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽59612

₽58761

₽53554

₽54505

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

177 500

municipal

19 443

pensions

21 300

national

30 147

social contributions

1 908

total

72 798

Employee

79 289

153 447

municipal

9 793

20 131

pensions

3 172

6 138

national

15 176

31 652

total

28 141

57 921

Employer

79 289

153 447

social contributions

852

1 650

pensions

6 343

12 276

total

7 195

13 926

Corporate

85 783

177 500

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%.

17 157

35 500

total

17 157

35 500

Dividends

68 626

142 000

withholding

15 098

31 240

total

15 098

31 240

Income

177 500

Total tax

67 591

66 740

71 847

72 798

After tax

109 909

110 760

105 653

104 702

Living cost

51 148

Free-cash

58 761

59 612

54 505

53 554

Estimated living cost is ₽51148 per week

₽34765

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

₽4755

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

₽766

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.

₽10863

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.