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
₽ 232500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽94086

₽93238

₽81003

₽82250

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

232 500

municipal

25 862

pensions

27 900

national

44 242

social contributions

2 499

total

100 503

Employee

79 050

200 994

municipal

9 764

26 762

pensions

3 162

8 040

national

15 130

46 213

total

28 056

81 015

Employer

79 050

200 994

social contributions

850

2 161

pensions

6 324

16 080

total

7 174

18 241

Corporate

141 059

232 500

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%.

28 212

46 500

total

28 212

46 500

Dividends

112 847

186 000

withholding

24 826

40 920

total

24 826

40 920

Income

232 500

Total tax

88 268

87 420

99 256

100 503

After tax

144 232

145 080

133 244

131 997

Living cost

50 994

Free-cash

93 238

94 086

82 250

81 003

Estimated living cost is ₽50994 per week

₽34660

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

₽4740

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

₽763

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.

₽10830

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.