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
₽ 217500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽84572

₽83721

₽73440

₽74608

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

217 500

municipal

24 109

pensions

26 100

national

40 365

social contributions

2 338

total

92 912

Employee

79 289

188 027

municipal

9 793

24 951

pensions

3 172

7 521

national

15 176

42 209

total

28 141

74 681

Employer

79 289

188 027

social contributions

852

2 021

pensions

6 343

15 042

total

7 195

17 063

Corporate

125 783

217 500

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%.

25 157

43 500

total

25 157

43 500

Dividends

100 626

174 000

withholding

22 138

38 280

total

22 138

38 280

Income

217 500

Total tax

82 631

81 780

91 744

92 912

After tax

134 869

135 720

125 756

124 588

Living cost

51 148

Free-cash

83 721

84 572

74 608

73 440

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.