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
₽ 242500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽100637

₽99794

₽86185

₽87486

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

242 500

municipal

27 036

pensions

29 100

national

46 889

social contributions

2 607

total

105 632

Employee

78 568

209 639

municipal

9 704

27 975

pensions

3 143

8 386

national

15 038

48 945

total

27 885

85 306

Employer

78 568

209 639

social contributions

845

2 254

pensions

6 285

16 771

total

7 130

19 025

Corporate

151 617

242 500

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%.

30 323

48 500

total

30 323

48 500

Dividends

121 293

194 000

withholding

26 685

42 680

total

26 685

42 680

Income

242 500

Total tax

92 023

91 180

104 331

105 632

After tax

150 477

151 320

138 169

136 868

Living cost

50 683

Free-cash

99 794

100 637

87 486

86 185

Estimated living cost is ₽50683 per week

₽34449

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

₽4711

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

₽759

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.

₽10764

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.