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
₴ 25500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₴5552

-₴10794

-₴5534

-₴5335

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

25 500

municipal

2 446

pensions

3 060

national

3 790

social contributions

274

total

9 570

Employee

33 274

22 045

municipal

4 110

2 545

pensions

1 331

882

national

6 369

3 943

total

11 810

7 370

Employer

33 274

22 045

social contributions

358

237

pensions

2 662

1 764

total

3 020

2 001

Corporate

25 500

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%.

5 100

total

5 100

Dividends

20 400

withholding

4 488

total

4 488

Income

25 500

Total tax

14 830

9 588

9 371

9 570

After tax

10 670

15 912

16 129

15 930

Living cost

21 464

Free-cash

-10 794

-5 552

-5 335

-5 534

Estimated living cost is ₴21464 per week

₴14589

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

₴1995

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

₴321

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.

₴4559

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.