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
₴ 40000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴3505

₴3148

₴2767

₴3081

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

40 000

municipal

4 137

pensions

4 800

national

6 411

social contributions

430

total

15 778

Employee

33 259

34 580

municipal

4 108

4 292

pensions

1 330

1 383

national

6 366

6 651

total

11 804

12 326

Employer

33 259

34 580

social contributions

358

372

pensions

2 661

2 766

total

3 019

3 138

Corporate

1 527

40 000

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%.

305

8 000

total

305

8 000

Dividends

1 222

32 000

withholding

269

7 040

total

269

7 040

Income

40 000

Total tax

15 397

15 040

15 464

15 778

After tax

24 603

24 960

24 536

24 222

Living cost

21 455

Free-cash

3 148

3 505

3 081

2 767

Estimated living cost is ₴21455 per week

₴14583

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

₴1994

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.

₴4557

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.