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
₽ 213500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽82098

₽81249

₽71466

₽72612

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

213 500

municipal

23 643

pensions

25 620

national

39 350

social contributions

2 295

total

90 908

Employee

79 255

184 569

municipal

9 789

24 469

pensions

3 170

7 383

national

15 169

41 160

total

28 128

73 012

Employer

79 255

184 569

social contributions

852

1 984

pensions

6 340

14 766

total

7 192

16 750

Corporate

121 822

213 500

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%.

24 364

42 700

total

24 364

42 700

Dividends

97 458

170 800

withholding

21 441

37 576

total

21 441

37 576

Income

213 500

Total tax

81 125

80 276

89 762

90 908

After tax

132 375

133 224

123 738

122 592

Living cost

51 126

Free-cash

81 249

82 098

72 612

71 466

Estimated living cost is ₽51126 per week

₽34750

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₽4753

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₽765

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.

₽10858

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.