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
₽ 197500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽72590

₽63835

₽64896

₽71748

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

197 500

municipal

21 788

social contributions

2 123

pensions

23 700

national

35 404

total

83 015

Employee

78 516

170 737

municipal

9 698

22 553

pensions

3 141

6 829

national

15 028

37 078

total

27 867

66 460

Employer

78 516

170 737

social contributions

844

1 835

pensions

6 281

13 659

total

7 125

15 494

Corporate

106 676

197 500

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%.

21 335

39 500

total

21 335

39 500

Dividends

85 341

158 000

withholding

18 775

34 760

total

18 775

34 760

Income

197 500

Total tax

75 102

74 260

81 954

83 015

After tax

122 398

123 240

115 546

114 485

Living cost

50 650

Free-cash

71 748

72 590

64 896

63 835

Estimated living cost is ₽50650 per week

₽34426

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

₽4708

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

₽758

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.

₽10757

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.