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
₽ 218500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽85076

₽84224

₽73856

₽75029

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

218 500

municipal

24 222

pensions

26 220

national

40 585

social contributions

2 349

total

93 376

Employee

79 474

188 891

municipal

9 816

25 068

pensions

3 179

7 556

national

15 211

42 437

total

28 206

75 061

Employer

79 474

188 891

social contributions

854

2 031

pensions

6 358

15 111

total

7 212

17 142

Corporate

126 568

218 500

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%.

25 314

43 700

total

25 314

43 700

Dividends

101 254

174 800

withholding

22 276

38 456

total

22 276

38 456

Income

218 500

Total tax

83 008

82 156

92 203

93 376

After tax

135 492

136 344

126 297

125 124

Living cost

51 268

Free-cash

84 224

85 076

75 029

73 856

Estimated living cost is ₽51268 per week

₽34846

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

₽4766

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

₽767

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.

₽10889

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.