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

₽85271

₽99397

₽98544

₽86567

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

municipal

26 904

pensions

28 980

social contributions

2 596

national

46 450

total

104 930

Employee

79 523

208 775

municipal

9 822

27 839

national

15 221

48 498

pensions

3 181

8 351

total

28 224

84 688

Employer

79 523

208 775

pensions

6 362

16 702

social contributions

855

2 244

total

7 217

18 946

Corporate

149 512

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%.

29 902

48 300

total

29 902

48 300

Dividends

119 610

193 200

withholding

26 314

42 504

total

26 314

42 504

Income

241 500

Total tax

91 657

90 804

103 634

104 930

After tax

149 843

150 696

137 866

136 570

Living cost

51 299

Free-cash

98 544

99 397

86 567

85 271

Estimated living cost is ₽51299 per week

₽34867

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

₽4769

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

₽768

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.

₽10895

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.