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
₽ 222500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽88157

₽87314

₽76242

₽77436

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

222 500

municipal

24 703

pensions

26 700

national

41 780

social contributions

2 392

total

95 575

Employee

78 568

192 349

municipal

9 704

25 565

pensions

3 143

7 694

national

15 038

43 666

total

27 885

76 925

Employer

78 568

192 349

social contributions

845

2 068

pensions

6 285

15 388

total

7 130

17 456

Corporate

131 617

222 500

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%.

26 323

44 500

total

26 323

44 500

Dividends

105 293

178 000

withholding

23 165

39 160

total

23 165

39 160

Income

222 500

Total tax

84 503

83 660

94 381

95 575

After tax

137 997

138 840

128 119

126 925

Living cost

50 683

Free-cash

87 314

88 157

77 436

76 242

Estimated living cost is ₽50683 per week

₽34449

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.