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
₽ 229500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽91933

₽91081

₽79321

₽80552

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

229 500

municipal

25 505

pensions

27 540

national

43 392

social contributions

2 467

total

98 904

Employee

79 485

198 401

municipal

9 818

26 394

pensions

3 179

7 936

national

15 213

45 338

total

28 210

79 668

Employer

79 485

198 401

social contributions

854

2 133

pensions

6 359

15 872

total

7 213

18 005

Corporate

137 555

229 500

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%.

27 511

45 900

total

27 511

45 900

Dividends

110 044

183 600

withholding

24 210

40 392

total

24 210

40 392

Income

229 500

Total tax

87 144

86 292

97 673

98 904

After tax

142 356

143 208

131 827

130 596

Living cost

51 275

Free-cash

91 081

91 933

80 552

79 321

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.

Adjust living cost Show details Source

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.