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
City
free-cash

Reykjavik , Iceland
₽84120
₽98152
₽85358
₽98899
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
national
-
-
-
45 531
pensions
-
-
-
27 660
social contributions
-
-
-
2 478
municipal
-
-
-
25 778
total
-
-
-
101 447
Employee
69 655
-
199 265
-
municipal
8 604
-
26 670
-
national
13 332
-
47 485
-
pensions
2 786
-
7 971
-
total
24 722
-
82 126
-
Employer
69 655
-
199 265
-
pensions
5 572
-
15 941
-
social contributions
749
-
2 142
-
total
6 321
-
18 083
-
Corporate
149 926
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%.

29 985
46 100
-
-
total
29 985
46 100
-
-
Dividends
119 941
184 400
-
-
withholding
26 387
40 568
-
-
total
26 387
40 568
-
-
Income
230 500
230 500
230 500
230 500
Total tax
87 415
86 668
100 209
101 447
After tax
143 085
143 832
130 291
129 053
Living cost
44 933
44 933
44 933
44 933
Free-cash
98 152
98 899
85 358
84 120

Estimated living cost  is ₽44933 per week

₽30541
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽673
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.
₽9543
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.

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