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
₴ 25000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₴6064

-₴11631

-₴6008

-₴5810

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

25 000

municipal

2 383

pensions

3 000

national

3 692

social contributions

269

total

9 344

Employee

33 583

21 612

municipal

4 148

2 479

pensions

1 343

864

national

6 428

3 842

total

11 919

7 185

Employer

33 583

21 612

social contributions

361

232

pensions

2 687

1 729

total

3 048

1 961

Corporate

25 000

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%.

5 000

total

5 000

Dividends

20 000

withholding

4 400

total

4 400

Income

25 000

Total tax

14 967

9 400

9 146

9 344

After tax

10 033

15 600

15 854

15 656

Living cost

21 664

Free-cash

-11 631

-6 064

-5 810

-6 008

Estimated living cost is ₴21664 per week

₴14725

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

₴2014

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

₴324

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.

₴4601

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.