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
₽ 63000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₽11963

-₽23698

-₽12029

-₽11535

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

63 000

municipal

6 086

pensions

7 560

national

9 431

social contributions

677

total

23 754

Employee

79 485

54 463

municipal

9 818

6 330

pensions

3 179

2 179

national

15 213

9 809

total

28 210

18 318

Employer

79 485

54 463

social contributions

854

585

pensions

6 359

4 357

total

7 213

4 942

Corporate

63 000

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%.

12 600

total

12 600

Dividends

50 400

withholding

11 088

total

11 088

Income

63 000

Total tax

35 423

23 688

23 260

23 754

After tax

27 577

39 312

39 740

39 246

Living cost

51 275

Free-cash

-23 698

-11 963

-11 535

-12 029

Estimated living cost is ₽51275 per week

₽34851

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.

₽10890

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.