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
₽ 227500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽78891

₽80112

₽90678

₽91518

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

227 500

social contributions

2 446

municipal

25 292

national

43 129

pensions

27 300

total

98 167

Employee

78 195

196 672

pensions

3 128

7 867

national

14 966

45 058

municipal

9 658

26 173

total

27 752

79 098

Employer

78 195

196 672

pensions

6 256

15 734

social contributions

841

2 114

total

7 097

17 848

Corporate

137 048

227 500

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%.

27 410

45 500

total

27 410

45 500

Dividends

109 639

182 000

withholding

24 121

40 040

total

24 121

40 040

Income

227 500

Total tax

86 380

85 540

96 946

98 167

After tax

141 120

141 960

130 554

129 333

Living cost

50 442

Free-cash

90 678

91 518

80 112

78 891

Estimated living cost is ₽50442 per week

₽34285

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

₽4689

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

₽755

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.

₽10713

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.