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
₽ 179500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽60740

₽59888

₽54465

₽55429

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

179 500

municipal

19 674

pensions

21 540

national

30 623

social contributions

1 930

total

73 767

Employee

79 474

155 176

municipal

9 816

20 369

pensions

3 179

6 207

national

15 211

32 145

total

28 206

58 721

Employer

79 474

155 176

social contributions

854

1 668

pensions

6 358

12 414

total

7 212

14 082

Corporate

87 568

179 500

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%.

17 514

35 900

total

17 514

35 900

Dividends

70 054

143 600

withholding

15 412

31 592

total

15 412

31 592

Income

179 500

Total tax

68 344

67 492

72 803

73 767

After tax

111 156

112 008

106 697

105 733

Living cost

51 268

Free-cash

59 888

60 740

55 429

54 465

Estimated living cost is ₽51268 per week

₽34846

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.

₽10889

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.