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
₽ 248500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽104070

₽103222

₽88958

₽90292

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

248 500

municipal

27 728

pensions

29 820

national

48 329

social contributions

2 671

total

108 548

Employee

79 050

214 826

municipal

9 764

28 690

pensions

3 162

8 593

national

15 130

50 436

total

28 056

87 719

Employer

79 050

214 826

social contributions

850

2 309

pensions

6 324

17 186

total

7 174

19 495

Corporate

157 059

248 500

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%.

31 412

49 700

total

31 412

49 700

Dividends

125 647

198 800

withholding

27 642

43 736

total

27 642

43 736

Income

248 500

Total tax

94 284

93 436

107 214

108 548

After tax

154 216

155 064

141 286

139 952

Living cost

50 994

Free-cash

103 222

104 070

90 292

88 958

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.