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

₽65222

₽59183

₽58171

₽64351

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

20 696

national

32 585

pensions

22 620

total

77 927

Employee

81 232

162 957

municipal

10 033

21 425

pensions

3 249

6 518

national

15 548

34 183

total

28 830

62 126

Employer

81 232

162 957

pensions

6 499

13 037

social contributions

873

1 752

total

7 372

14 789

Corporate

94 535

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%.

18 907

37 700

total

18 907

37 700

Dividends

75 628

150 800

withholding

16 638

33 176

total

16 638

33 176

Income

188 500

Total tax

71 747

70 876

76 915

77 927

After tax

116 753

117 624

111 585

110 573

Living cost

52 402

Free-cash

64 351

65 222

59 183

58 171

Estimated living cost is ₽52402 per week

₽35617

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

₽4871

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

₽784

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.

₽11129

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.