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
₽ 233000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽94709
₽93866
₽81462
₽82714
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
-
-
-
233 000
municipal
-
-
-
25 928
pensions
-
-
-
27 960
national
-
-
-
44 462
social contributions
-
-
-
2 505
total
-
-
-
100 855
Employee
78 568
-
201 426
-
municipal
9 704
-
26 830
-
pensions
3 143
-
8 057
-
national
15 038
-
46 437
-
total
27 885
-
81 324
-
Employer
78 568
-
201 426
-
social contributions
845
-
2 165
-
pensions
6 285
-
16 114
-
total
7 130
-
18 279
-
Corporate
142 117
233 000
-
-
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%.

28 423
46 600
-
-
total
28 423
46 600
-
-
Dividends
113 693
186 400
-
-
withholding
25 013
41 008
-
-
total
25 013
41 008
-
-
Income
233 000
233 000
233 000
233 000
Total tax
88 451
87 608
99 603
100 855
After tax
144 549
145 392
133 397
132 145
Living cost
50 683
50 683
50 683
50 683
Free-cash
93 866
94 709
82 714
81 462

Estimated living cost  is ₽50683 per week

₽34449
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4711
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽759
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.
₽10764
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.

Source of data for Reykjavik model

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