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
₽ 193500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽69750

₽68902

₽61613

₽62652

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

193 500

municipal

21 313

pensions

23 220

national

34 280

social contributions

2 080

total

80 893

Employee

79 050

167 279

municipal

9 764

22 062

pensions

3 162

6 691

national

15 130

35 921

total

28 056

64 674

Employer

79 050

167 279

social contributions

850

1 798

pensions

6 324

13 382

total

7 174

15 180

Corporate

102 059

193 500

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%.

20 412

38 700

total

20 412

38 700

Dividends

81 647

154 800

withholding

17 962

34 056

total

17 962

34 056

Income

193 500

Total tax

73 604

72 756

79 854

80 893

After tax

119 896

120 744

113 646

112 607

Living cost

50 994

Free-cash

68 902

69 750

62 652

61 613

Estimated living cost is ₽50994 per week

₽34660

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

₽4740

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

₽763

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.

₽10830

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.