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
₽ 8970000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₽2934189

₽2886035

₽3238851

₽3277431

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

8 970 000

national

1 602 192

pensions

1 076 400

social contributions

96 427

municipal

989 097

total

3 764 116

Employee

3 596 196

7 754 484

municipal

444 189

1 023 821

pensions

143 848

310 180

national

688 310

1 678 242

total

1 276 347

3 012 243

Employer

3 596 196

7 754 484

pensions

287 696

620 358

social contributions

38 659

83 361

total

326 355

703 719

Corporate

4 810 100

8 970 000

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%.

962 020

1 794 000

total

962 020

1 794 000

Dividends

3 848 080

7 176 000

withholding

846 578

1 578 720

total

846 578

1 578 720

Income

8 970 000

Total tax

3 411 300

3 372 720

3 715 962

3 764 116

After tax

5 558 700

5 597 280

5 254 038

5 205 884

Living cost

2 319 849

Free-cash

3 238 851

3 277 431

2 934 189

2 886 035

Estimated living cost is ₽2319849 per year

₽1576777

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

₽215648

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

₽34722

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.

₽492703

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.