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
₽ 192500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽69437

₽68594

₽61327

₽62359

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

192 500

municipal

21 204

pensions

23 100

national

34 117

social contributions

2 069

total

80 490

Employee

78 568

166 415

municipal

9 704

21 950

pensions

3 143

6 657

national

15 038

35 749

total

27 885

64 356

Employer

78 568

166 415

social contributions

845

1 789

pensions

6 285

13 313

total

7 130

15 102

Corporate

101 617

192 500

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%.

20 323

38 500

total

20 323

38 500

Dividends

81 293

154 000

withholding

17 885

33 880

total

17 885

33 880

Income

192 500

Total tax

73 223

72 380

79 458

80 490

After tax

119 277

120 120

113 042

112 010

Living cost

50 683

Free-cash

68 594

69 437

62 359

61 327

Estimated living cost is ₽50683 per week

₽34449

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

₽4711

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

₽759

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.

₽10764

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.