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
₽ 187500

per

Your estimated

Best value All models

City

free-cash

Riga , Latvia

₽129165

₽120950

₽44821

₽58697

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

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

187 500

microenterprise

income

35 662

surtax

47 812

social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

38 370

total

121 844

Employee

29 263

143 016

social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

3 219

13 128

surtax

20 738

income

5 209

29 618

total

8 428

63 484

Employer

29 263

143 016

social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

7 049

28 752

surtax

15 732

total

7 049

44 484

Corporate

151 188

187 500

income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

30 238

37 500

total

30 238

37 500

Dividends

In Latvia, local dividends are not subject to withholding tax.

120 950

150 000

total

Income

187 500

Total tax

45 715

37 500

107 968

121 844

After tax

141 785

150 000

79 532

65 656

Living cost

20 835

Free-cash

120 950

129 165

58 697

44 821

Estimated living cost is ₽20835 per week

₽13292

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

₽1984

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

₽473

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.

₽5086

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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