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
₽ 206500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽77708

₽76857

₽67971

₽69080

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

206 500

municipal

22 826

pensions

24 780

national

37 555

social contributions

2 220

total

87 381

Employee

79 289

178 517

municipal

9 793

23 625

pensions

3 172

7 141

national

15 176

39 306

total

28 141

70 072

Employer

79 289

178 517

social contributions

852

1 919

pensions

6 343

14 281

total

7 195

16 200

Corporate

114 783

206 500

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%.

22 957

41 300

total

22 957

41 300

Dividends

91 826

165 200

withholding

20 202

36 344

total

20 202

36 344

Income

206 500

Total tax

78 495

77 644

86 272

87 381

After tax

128 005

128 856

120 228

119 119

Living cost

51 148

Free-cash

76 857

77 708

69 080

67 971

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.

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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.