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
₽ 199500
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽73340
₽72489
₽64491
₽65562
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
-
-
-
199 500
municipal
-
-
-
22 009
pensions
-
-
-
23 940
national
-
-
-
35 767
social contributions
-
-
-
2 145
total
-
-
-
83 861
Employee
79 289
-
172 466
-
municipal
9 793
-
22 782
-
pensions
3 172
-
6 899
-
national
15 176
-
37 458
-
total
28 141
-
67 139
-
Employer
79 289
-
172 466
-
social contributions
852
-
1 854
-
pensions
6 343
-
13 797
-
total
7 195
-
15 651
-
Corporate
107 783
199 500
-
-
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%.

21 557
39 900
-
-
total
21 557
39 900
-
-
Dividends
86 226
159 600
-
-
withholding
18 970
35 112
-
-
total
18 970
35 112
-
-
Income
199 500
199 500
199 500
199 500
Total tax
75 863
75 012
82 790
83 861
After tax
123 637
124 488
116 710
115 639
Living cost
51 148
51 148
51 148
51 148
Free-cash
72 489
73 340
65 562
64 491

Estimated living cost  is ₽51148 per week

₽34765
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4755
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽766
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.
₽10863
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.
 Adjust living cost Show details Source

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.

Source of data for Reykjavik model

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