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
₽ 186000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽64789
₽63937
₽57693
₽58690
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
-
-
-
186 000
municipal
-
-
-
20 432
pensions
-
-
-
22 320
national
-
-
-
32 281
social contributions
-
-
-
1 999
total
-
-
-
77 032
Employee
79 485
-
160 795
-
municipal
9 818
-
21 152
-
pensions
3 179
-
6 432
-
national
15 213
-
33 858
-
total
28 210
-
61 442
-
Employer
79 485
-
160 795
-
social contributions
854
-
1 729
-
pensions
6 359
-
12 864
-
total
7 213
-
14 593
-
Corporate
94 055
186 000
-
-
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%.

18 811
37 200
-
-
total
18 811
37 200
-
-
Dividends
75 244
148 800
-
-
withholding
16 554
32 736
-
-
total
16 554
32 736
-
-
Income
186 000
186 000
186 000
186 000
Total tax
70 788
69 936
76 035
77 032
After tax
115 212
116 064
109 965
108 968
Living cost
51 275
51 275
51 275
51 275
Free-cash
63 937
64 789
58 690
57 693

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.

Source of data for Reykjavik model

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