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
₽ 64500
per

Your estimated
City
free-cash

Reykjavik , Iceland
-₽4925
-₽10930
-₽4419
-₽4363
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
-
-
-
64 500
national
-
-
-
9 956
pensions
-
-
-
7 740
social contributions
-
-
-
693
municipal
-
-
-
6 425
total
-
-
-
24 814
Employee
69 156
-
55 760
-
municipal
8 542
-
6 675
-
national
13 236
-
10 343
-
pensions
2 766
-
2 230
-
total
24 544
-
19 248
-
Employer
69 156
-
55 760
-
pensions
5 532
-
4 461
-
social contributions
743
-
599
-
total
6 275
-
5 060
-
Corporate
-
64 500
-
-
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%.

-
12 900
-
-
total
-
12 900
-
-
Dividends
-
51 600
-
-
withholding
-
11 352
-
-
total
-
11 352
-
-
Income
64 500
64 500
64 500
64 500
Total tax
30 819
24 252
24 308
24 814
After tax
33 681
40 248
40 192
39 686
Living cost
44 611
44 611
44 611
44 611
Free-cash
-10 930
-4 363
-4 419
-4 925

Estimated living cost  is ₽44611 per week

₽30322
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽4147
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽668
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.
₽9475
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.
Adjust living cost Show details Source

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.

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