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
₽ 221500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽86948

₽86096

₽75348

₽76537

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

221 500

municipal

24 572

pensions

26 580

national

41 351

social contributions

2 381

total

94 884

Employee

79 474

191 485

municipal

9 816

25 430

pensions

3 179

7 659

national

15 211

43 229

total

28 206

76 318

Employer

79 474

191 485

social contributions

854

2 058

pensions

6 358

15 319

total

7 212

17 377

Corporate

129 568

221 500

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%.

25 914

44 300

total

25 914

44 300

Dividends

103 654

177 200

withholding

22 804

38 984

total

22 804

38 984

Income

221 500

Total tax

84 136

83 284

93 695

94 884

After tax

137 364

138 216

127 805

126 616

Living cost

51 268

Free-cash

86 096

86 948

76 537

75 348

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.

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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.