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

Best value All models

City

free-cash

Reykjavik , Iceland

₽96925

₽96073

₽83298

₽84573

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

municipal

26 438

pensions

28 500

national

45 436

social contributions

2 553

total

102 927

Employee

79 485

205 317

municipal

9 818

27 358

pensions

3 179

8 213

national

15 213

47 449

total

28 210

83 020

Employer

79 485

205 317

social contributions

854

2 207

pensions

6 359

16 425

total

7 213

18 632

Corporate

145 555

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%.

29 111

47 500

total

29 111

47 500

Dividends

116 444

190 000

withholding

25 618

41 800

total

25 618

41 800

Income

237 500

Total tax

90 152

89 300

101 652

102 927

After tax

147 348

148 200

135 848

134 573

Living cost

51 275

Free-cash

96 073

96 925

84 573

83 298

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.