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
₽ 203500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽75990

₽75142

₽66584

₽67677

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

203 500

municipal

22 480

pensions

24 420

national

36 834

social contributions

2 188

total

85 922

Employee

79 050

175 924

municipal

9 764

23 267

pensions

3 162

7 037

national

15 130

38 560

total

28 056

68 864

Employer

79 050

175 924

social contributions

850

1 891

pensions

6 324

14 074

total

7 174

15 965

Corporate

112 059

203 500

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%.

22 412

40 700

total

22 412

40 700

Dividends

89 647

162 800

withholding

19 722

35 816

total

19 722

35 816

Income

203 500

Total tax

77 364

76 516

84 829

85 922

After tax

126 136

126 984

118 671

117 578

Living cost

50 994

Free-cash

75 142

75 990

67 677

66 584

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.