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
₽ 210500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽80362

₽79513

₽70067

₽71198

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

210 500

municipal

23 296

pensions

25 260

national

38 624

social contributions

2 263

total

89 443

Employee

79 044

181 975

municipal

9 763

24 111

pensions

3 162

7 279

national

15 129

40 408

total

28 054

71 798

Employer

79 044

181 975

social contributions

850

1 956

pensions

6 324

14 558

total

7 174

16 514

Corporate

119 066

210 500

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%.

23 813

42 100

total

23 813

42 100

Dividends

95 253

168 400

withholding

20 956

37 048

total

20 956

37 048

Income

210 500

Total tax

79 997

79 148

88 312

89 443

After tax

130 503

131 352

122 188

121 057

Living cost

50 990

Free-cash

79 513

80 362

71 198

70 067

Estimated living cost is ₽50990 per week

₽34657

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.