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

₽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

Total tax

91 551

90 804

105 682

106 978

After tax

149 949

150 696

135 818

134 522

Living cost

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.

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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.