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
City
free-cash

Reykjavik , Iceland
₽89590
₽105017
₽90886
₽105764
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
national
-
-
-
48 341
pensions
-
-
-
28 980
social contributions
-
-
-
2 596
municipal
-
-
-
27 061
total
-
-
-
106 978
Employee
69 652
-
208 775
-
municipal
8 603
-
27 996
-
national
13 331
-
50 389
-
pensions
2 786
-
8 351
-
total
24 720
-
86 736
-
Employer
69 652
-
208 775
-
pensions
5 572
-
16 702
-
social contributions
749
-
2 244
-
total
6 321
-
18 946
-
Corporate
160 930
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%.

32 186
48 300
-
-
total
32 186
48 300
-
-
Dividends
128 744
193 200
-
-
withholding
28 324
42 504
-
-
total
28 324
42 504
-
-
Income
241 500
241 500
241 500
241 500
Total tax
91 551
90 804
105 682
106 978
After tax
149 949
150 696
135 818
134 522
Living cost
44 932
44 932
44 932
44 932
Free-cash
105 017
105 764
90 886
89 590

Estimated living cost  is ₽44932 per week

₽30540
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4177
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽673
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.
₽9543
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.

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