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
₽ 247500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽103446

₽102598

₽88461

₽89789

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

247 500

municipal

27 611

pensions

29 700

national

48 073

social contributions

2 661

total

108 045

Employee

79 050

213 962

municipal

9 764

28 570

pensions

3 162

8 558

national

15 130

50 172

total

28 056

87 300

Employer

79 050

213 962

social contributions

850

2 300

pensions

6 324

17 117

total

7 174

19 417

Corporate

156 059

247 500

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%.

31 212

49 500

total

31 212

49 500

Dividends

124 847

198 000

withholding

27 466

43 560

total

27 466

43 560

Income

247 500

Total tax

93 908

93 060

106 717

108 045

After tax

153 592

154 440

140 783

139 455

Living cost

50 994

Free-cash

102 598

103 446

89 789

88 461

Estimated living cost is ₽50994 per week

₽34660

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

₽4740

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

₽763

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.

₽10830

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.