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
₴ 2022000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₴167012

-₴32883

-₴41156

-₴57024

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

2 022 000

national

316 068

pensions

242 640

social contributions

21 736

municipal

203 969

total

784 413

Employee

2 006 887

1 748 001

pensions

80 276

69 920

municipal

247 883

211 797

national

384 117

328 197

total

712 276

609 914

Employer

2 006 887

1 748 001

social contributions

21 574

18 791

pensions

160 551

139 840

total

182 125

158 631

Corporate

2 022 000

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%.

404 400

total

404 400

Dividends

1 617 600

withholding

355 872

total

355 872

Income

2 022 000

Total tax

894 401

760 272

768 545

784 413

After tax

1 127 599

1 261 728

1 253 455

1 237 587

Living cost

1 294 611

Free-cash

-167 012

-32 883

-41 156

-57 024

Estimated living cost is ₴1294611 per year

₴879933

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

₴120344

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

₴19377

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.

₴274957

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.