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
₽ 188500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽67670

₽68488

₽61398

₽60387

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

188 500

social contributions

2 026

pensions

22 620

municipal

20 776

national

33 555

total

78 977

Employee

76 169

162 957

national

14 579

35 153

municipal

9 408

21 506

pensions

3 047

6 518

total

27 034

63 177

Employer

76 169

162 957

pensions

6 094

13 037

social contributions

819

1 752

total

6 913

14 789

Corporate

100 391

188 500

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%.

20 078

37 700

total

20 078

37 700

Dividends

80 313

150 800

withholding

17 669

33 176

total

17 669

33 176

Income

188 500

Total tax

71 694

70 876

77 966

78 977

After tax

116 806

117 624

110 534

109 523

Living cost

49 135

Free-cash

67 670

68 488

61 398

60 387

Estimated living cost is ₽49135 per week

₽33397

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

₽4568

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

₽735

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.

₽10436

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.