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
₴ 28500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₴3645

-₴3786

-₴3563

-₴7733

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

28 500

municipal

2 797

social contributions

306

pensions

3 420

national

4 334

total

10 857

Employee

33 219

24 638

municipal

4 103

2 907

pensions

1 329

986

national

6 358

4 505

total

11 790

8 398

Employer

33 219

24 638

social contributions

357

265

pensions

2 657

1 971

total

3 014

2 236

Corporate

28 500

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%.

5 700

total

5 700

Dividends

22 800

withholding

5 016

total

5 016

Income

28 500

Total tax

14 804

10 716

10 634

10 857

After tax

13 696

17 784

17 866

17 643

Living cost

21 429

Free-cash

-7 733

-3 645

-3 563

-3 786

Estimated living cost is ₴21429 per week

₴14565

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

₴1992

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.

₴4551

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.