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
₽ 222000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽87253
₽86401
₽75592
₽76783
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
-
-
-
222 000
municipal
-
-
-
24 630
pensions
-
-
-
26 640
national
-
-
-
41 477
social contributions
-
-
-
2 386
total
-
-
-
95 133
Employee
79 485
-
191 917
-
municipal
9 818
-
25 490
-
pensions
3 179
-
7 677
-
national
15 213
-
43 359
-
total
28 210
-
76 526
-
Employer
79 485
-
191 917
-
social contributions
854
-
2 063
-
pensions
6 359
-
15 353
-
total
7 213
-
17 416
-
Corporate
130 055
222 000
-
-
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%.

26 011
44 400
-
-
total
26 011
44 400
-
-
Dividends
104 044
177 600
-
-
withholding
22 890
39 072
-
-
total
22 890
39 072
-
-
Income
222 000
222 000
222 000
222 000
Total tax
84 324
83 472
93 942
95 133
After tax
137 676
138 528
128 058
126 867
Living cost
51 275
51 275
51 275
51 275
Free-cash
86 401
87 253
76 783
75 592

Estimated living cost  is ₽51275 per week

₽34851
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.
₽10890
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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