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

₽100745

₽87482

₽86185

₽99915

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

26 937

national

46 851

pensions

28 980

total

105 364

Employee

77 434

208 775

municipal

9 564

27 872

pensions

3 097

8 351

national

14 821

48 898

total

27 482

85 121

Employer

77 434

208 775

pensions

6 195

16 702

social contributions

832

2 244

total

7 027

18 946

Corporate

151 929

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%.

30 386

48 300

total

30 386

48 300

Dividends

121 543

193 200

withholding

26 739

42 504

total

26 739

42 504

Income

241 500

Total tax

91 634

90 804

104 067

105 364

After tax

149 866

150 696

137 433

136 136

Living cost

49 951

Free-cash

99 915

100 745

87 482

86 185

Estimated living cost is ₽49951 per week

₽33951

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

₽4643

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

₽748

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.

₽10609

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.