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
₽ 241500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽98294

₽85819

₽84522

₽97423

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

241 500

social contributions

2 596

municipal

26 877

national

46 123

pensions

28 980

total

104 576

Employee

81 232

208 775

municipal

10 033

27 812

pensions

3 249

8 351

national

15 548

48 170

total

28 830

84 333

Employer

81 232

208 775

pensions

6 499

16 702

social contributions

873

2 244

total

7 372

18 946

Corporate

147 535

241 500

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%.

29 507

48 300

total

29 507

48 300

Dividends

118 028

193 200

withholding

25 966

42 504

total

25 966

42 504

Income

241 500

Total tax

91 675

90 804

103 279

104 576

After tax

149 825

150 696

138 221

136 924

Living cost

52 402

Free-cash

97 423

98 294

85 819

84 522

Estimated living cost is ₽52402 per week

₽35617

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

₽4871

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

₽784

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.

₽11129

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.