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
₽ 216000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽84105
₽83261
₽73013
₽74174
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
-
-
-
216 000
municipal
-
-
-
23 945
pensions
-
-
-
25 920
national
-
-
-
40 121
social contributions
-
-
-
2 322
total
-
-
-
92 308
Employee
78 562
-
186 730
-
municipal
9 704
-
24 781
-
pensions
3 142
-
7 469
-
national
15 037
-
41 952
-
total
27 883
-
74 202
-
Employer
78 562
-
186 730
-
social contributions
845
-
2 007
-
pensions
6 285
-
14 938
-
total
7 130
-
16 945
-
Corporate
125 123
216 000
-
-
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%.

25 025
43 200
-
-
total
25 025
43 200
-
-
Dividends
100 099
172 800
-
-
withholding
22 022
38 016
-
-
total
22 022
38 016
-
-
Income
216 000
216 000
216 000
216 000
Total tax
82 060
81 216
91 147
92 308
After tax
133 940
134 784
124 853
123 692
Living cost
50 679
50 679
50 679
50 679
Free-cash
83 261
84 105
74 174
73 013

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.
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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.

Source of data for Reykjavik model

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