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
₽ 204000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽76650

₽67069

₽68165

₽75808

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

204 000

municipal

22 547

social contributions

2 193

pensions

24 480

national

37 065

total

86 285

Employee

78 511

176 356

municipal

9 697

23 336

pensions

3 140

7 054

national

15 027

38 795

total

27 864

69 185

Employer

78 511

176 356

social contributions

844

1 896

pensions

6 281

14 108

total

7 125

16 004

Corporate

113 183

204 000

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%.

22 637

40 800

total

22 637

40 800

Dividends

90 546

163 200

withholding

19 920

35 904

total

19 920

35 904

Income

204 000

Total tax

77 546

76 704

85 189

86 285

After tax

126 454

127 296

118 811

117 715

Living cost

50 646

Free-cash

75 808

76 650

68 165

67 069

Estimated living cost is ₽50646 per week

₽34424

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.

₽10756

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.