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
₽ 230500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽93661

₽81804

₽80566

₽92827

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

230 500

social contributions

2 478

municipal

25 649

national

43 976

pensions

27 660

total

99 763

Employee

77 774

199 265

municipal

9 606

26 541

pensions

3 111

7 971

national

14 886

45 930

total

27 603

80 442

Employer

77 774

199 265

pensions

6 222

15 941

social contributions

836

2 142

total

7 058

18 083

Corporate

140 535

230 500

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%.

28 107

46 100

total

28 107

46 100

Dividends

112 428

184 400

withholding

24 734

40 568

total

24 734

40 568

Income

230 500

Total tax

87 502

86 668

98 525

99 763

After tax

142 998

143 832

131 975

130 737

Living cost

50 170

Free-cash

92 827

93 661

81 804

80 566

Estimated living cost is ₽50170 per week

₽34100

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

₽4664

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

₽751

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.

₽10655

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.