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
₽ 223500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽88197

₽87345

₽76342

₽77542

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

223 500

municipal

24 806

pensions

26 820

national

41 862

social contributions

2 403

total

95 891

Employee

79 474

193 214

municipal

9 816

25 671

pensions

3 179

7 729

national

15 211

43 757

total

28 206

77 157

Employer

79 474

193 214

social contributions

854

2 077

pensions

6 358

15 457

total

7 212

17 534

Corporate

131 569

223 500

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%.

26 314

44 700

total

26 314

44 700

Dividends

105 255

178 800

withholding

23 156

39 336

total

23 156

39 336

Income

223 500

Total tax

84 888

84 036

94 691

95 891

After tax

138 612

139 464

128 809

127 609

Living cost

51 267

Free-cash

87 345

88 197

77 542

76 342

Estimated living cost is ₽51267 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.

₽10888

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.