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
₽ 8625500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽2881639

₽2922546

₽2666145

₽2619841

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

8 625 500

national

1 472 636

pensions

1 035 060

social contributions

92 724

municipal

945 473

total

3 545 893

Employee

3 813 093

7 456 667

pensions

152 524

298 267

municipal

470 979

978 864

national

729 824

1 545 766

total

1 353 327

2 822 897

Employer

3 813 093

7 456 667

social contributions

40 991

80 159

pensions

305 048

596 533

total

346 039

676 692

Corporate

4 214 705

8 625 500

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%.

842 941

1 725 100

total

842 941

1 725 100

Dividends

3 371 764

6 900 400

withholding

741 788

1 518 088

total

741 788

1 518 088

Income

8 625 500

Total tax

3 284 095

3 243 188

3 499 589

3 545 893

After tax

5 341 405

5 382 312

5 125 911

5 079 607

Living cost

2 459 766

Free-cash

2 881 639

2 922 546

2 666 145

2 619 841

Estimated living cost is ₽2459766 per year

₽1671876

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

₽228654

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

₽36816

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.

₽522419

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.