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
₽ 236500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽96301

₽95449

₽82801

₽84071

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

236 500

municipal

26 322

pensions

28 380

national

45 180

social contributions

2 542

total

102 424

Employee

79 485

204 452

municipal

9 818

27 237

pensions

3 179

8 178

national

15 213

47 185

total

28 210

82 600

Employer

79 485

204 452

social contributions

854

2 198

pensions

6 359

16 356

total

7 213

18 554

Corporate

144 555

236 500

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%.

28 911

47 300

total

28 911

47 300

Dividends

115 644

189 200

withholding

25 442

41 624

total

25 442

41 624

Income

236 500

Total tax

89 776

88 924

101 154

102 424

After tax

146 724

147 576

135 346

134 076

Living cost

51 275

Free-cash

95 449

96 301

84 071

82 801

Estimated living cost is ₽51275 per week

₽34851

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

₽4766

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

₽767

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.

₽10890

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.