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

₽86454

₽99231

₽85158

₽98375

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

pensions

28 980

national

46 401

municipal

26 900

total

104 877

Employee

79 780

208 775

municipal

9 854

27 835

national

15 270

48 449

pensions

3 191

8 351

total

28 315

84 635

Employer

79 780

208 775

pensions

6 382

16 702

social contributions

858

2 244

total

7 240

18 946

Corporate

149 215

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%.

29 843

48 300

total

29 843

48 300

Dividends

119 372

193 200

withholding

26 262

42 504

total

26 262

42 504

Income

241 500

Total tax

91 660

90 804

103 581

104 877

After tax

149 840

150 696

137 919

136 623

Living cost

51 465

Free-cash

98 375

99 231

86 454

85 158

Estimated living cost is ₽51465 per week

₽34980

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

₽4784

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

₽770

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.

₽10930

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.