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
₽ 188000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽66318
₽65470
₽58878
₽59887
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
-
-
-
188 000
municipal
-
-
-
20 672
pensions
-
-
-
22 560
national
-
-
-
32 875
social contributions
-
-
-
2 021
total
-
-
-
78 128
Employee
79 050
-
162 524
-
municipal
9 764
-
21 400
-
pensions
3 162
-
6 501
-
national
15 130
-
34 469
-
total
28 056
-
62 370
-
Employer
79 050
-
162 524
-
social contributions
850
-
1 747
-
pensions
6 324
-
13 002
-
total
7 174
-
14 749
-
Corporate
96 559
188 000
-
-
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%.

19 312
37 600
-
-
total
19 312
37 600
-
-
Dividends
77 247
150 400
-
-
withholding
16 994
33 088
-
-
total
16 994
33 088
-
-
Income
188 000
188 000
188 000
188 000
Total tax
71 536
70 688
77 119
78 128
After tax
116 464
117 312
110 881
109 872
Living cost
50 994
50 994
50 994
50 994
Free-cash
65 470
66 318
59 887
58 878

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.
 Adjust living cost Show details Source

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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