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
₽ 31500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₽31611

-₽55185

-₽30036

-₽29789

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

31 500

municipal

2 412

pensions

3 780

national

3 738

social contributions

339

total

10 269

Employee

79 474

27 231

municipal

9 816

2 534

pensions

3 179

1 089

national

15 211

3 927

total

28 206

7 550

Employer

79 474

27 231

social contributions

854

293

pensions

6 358

2 179

total

7 212

2 472

Corporate

31 500

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%.

6 300

total

6 300

Dividends

25 200

withholding

5 544

total

5 544

Income

31 500

Total tax

35 418

11 844

10 022

10 269

After tax

-3 918

19 656

21 478

21 231

Living cost

51 267

Free-cash

-55 185

-31 611

-29 789

-30 036

Estimated living cost is ₽51267 per week

₽34846

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

₽4766

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

₽767

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.

₽10888

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.