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
₽ 210000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽80361
₽79517
₽70030
₽71157
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
-
-
-
210 000
municipal
-
-
-
23 245
pensions
-
-
-
25 200
national
-
-
-
38 588
social contributions
-
-
-
2 258
total
-
-
-
89 291
Employee
78 562
-
181 543
-
municipal
9 704
-
24 058
-
pensions
3 142
-
7 262
-
national
15 037
-
40 369
-
total
27 883
-
71 689
-
Employer
78 562
-
181 543
-
social contributions
845
-
1 952
-
pensions
6 285
-
14 523
-
total
7 130
-
16 475
-
Corporate
119 123
210 000
-
-
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%.

23 825
42 000
-
-
total
23 825
42 000
-
-
Dividends
95 299
168 000
-
-
withholding
20 966
36 960
-
-
total
20 966
36 960
-
-
Income
210 000
210 000
210 000
210 000
Total tax
79 804
78 960
88 164
89 291
After tax
130 196
131 040
121 836
120 709
Living cost
50 679
50 679
50 679
50 679
Free-cash
79 517
80 361
71 157
70 030

Estimated living cost  is ₽50679 per week

₽34446
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽759
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.
₽10764
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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