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
City
free-cash

Reykjavik , Iceland
₽74195
₽65270
₽64259
₽73472
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
municipal
-
-
-
20 916
pensions
-
-
-
22 620
national
-
-
-
35 250
total
-
-
-
80 812
Employee
67 323
-
162 957
-
municipal
8 315
-
21 646
-
pensions
2 693
-
6 518
-
national
12 886
-
36 848
-
total
23 894
-
65 012
-
Employer
67 323
-
162 957
-
social contributions
724
-
1 752
-
pensions
5 386
-
13 037
-
total
6 110
-
14 789
-
Corporate
110 624
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%.

22 125
37 700
-
-
total
22 125
37 700
-
-
Dividends
88 499
150 800
-
-
withholding
19 470
33 176
-
-
total
19 470
33 176
-
-
Income
188 500
188 500
188 500
188 500
Total tax
71 599
70 876
79 801
80 812
After tax
116 901
117 624
108 699
107 688
Living cost
43 429
43 429
43 429
43 429
Free-cash
73 472
74 195
65 270
64 259

Estimated living cost  is ₽43429 per week

₽29518
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4037
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽650
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.
₽9224
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.

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