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
₽ 203000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽75678

₽74830

₽66336

₽67425

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

203 000

municipal

22 421

pensions

24 360

national

36 707

social contributions

2 182

total

85 670

Employee

79 050

175 492

municipal

9 764

23 207

pensions

3 162

7 020

national

15 130

38 428

total

28 056

68 655

Employer

79 050

175 492

social contributions

850

1 887

pensions

6 324

14 039

total

7 174

15 926

Corporate

111 559

203 000

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%.

22 312

40 600

total

22 312

40 600

Dividends

89 247

162 400

withholding

19 634

35 728

total

19 634

35 728

Income

203 000

Total tax

77 176

76 328

84 581

85 670

After tax

125 824

126 672

118 419

117 330

Living cost

50 994

Free-cash

74 830

75 678

67 425

66 336

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.