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

₽59222

₽66770

₽65924

₽60233

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

municipal

20 734

social contributions

2 026

national

33 044

pensions

22 620

total

78 424

Employee

78 833

162 957

pensions

3 153

6 518

national

15 089

34 643

municipal

9 737

21 463

total

27 979

62 624

Employer

78 833

162 957

pensions

6 307

13 037

social contributions

847

1 752

total

7 154

14 789

Corporate

97 310

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%.

19 462

37 700

total

19 462

37 700

Dividends

77 848

150 800

withholding

17 127

33 176

total

17 127

33 176

Income

188 500

Total tax

71 722

70 876

77 413

78 424

After tax

116 778

117 624

111 087

110 076

Living cost

50 854

Free-cash

65 924

66 770

60 233

59 222

Estimated living cost is ₽50854 per week

₽34565

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

₽4727

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

₽761

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.

₽10801

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.