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
₽ 237500
per

Your estimated
City
free-cash

Reykjavik , Iceland
₽87496
₽102364
₽88771
₽103113
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
-
-
-
237 500
national
-
-
-
47 274
pensions
-
-
-
28 500
social contributions
-
-
-
2 553
municipal
-
-
-
26 590
total
-
-
-
104 917
Employee
69 893
-
205 317
-
municipal
8 633
-
27 510
-
national
13 377
-
49 287
-
pensions
2 796
-
8 213
-
total
24 806
-
85 010
-
Employer
69 893
-
205 317
-
pensions
5 591
-
16 425
-
social contributions
751
-
2 207
-
total
6 342
-
18 632
-
Corporate
156 651
237 500
-
-
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%.

31 330
47 500
-
-
total
31 330
47 500
-
-
Dividends
125 321
190 000
-
-
withholding
27 571
41 800
-
-
total
27 571
41 800
-
-
Income
237 500
237 500
237 500
237 500
Total tax
90 049
89 300
103 642
104 917
After tax
147 451
148 200
133 858
132 583
Living cost
45 087
45 087
45 087
45 087
Free-cash
102 364
103 113
88 771
87 496

Estimated living cost  is ₽45087 per week

₽30645
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4191
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽675
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.
₽9576
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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