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

₽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

Total tax

87 415

86 668

100 209

101 447

After tax

143 085

143 832

130 291

129 053

Living cost

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.

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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.