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
₽ 249500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽104694

₽103846

₽89455

₽90793

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

249 500

municipal

27 845

pensions

29 940

national

48 584

social contributions

2 682

total

109 051

Employee

79 050

215 691

municipal

9 764

28 811

pensions

3 162

8 628

national

15 130

50 700

total

28 056

88 139

Employer

79 050

215 691

social contributions

850

2 319

pensions

6 324

17 255

total

7 174

19 574

Corporate

158 059

249 500

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%.

31 612

49 900

total

31 612

49 900

Dividends

126 447

199 600

withholding

27 818

43 912

total

27 818

43 912

Income

249 500

Total tax

94 660

93 812

107 713

109 051

After tax

154 840

155 688

141 787

140 449

Living cost

50 994

Free-cash

103 846

104 694

90 793

89 455

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.