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
₴ 43500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴4601

₴4944

₴5150

₴5511

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

43 500

social contributions

468

municipal

4 541

national

7 037

pensions

5 220

total

17 266

Employee

33 535

37 605

pensions

1 341

1 504

national

6 419

7 298

municipal

4 142

4 709

total

11 902

13 511

Employer

33 535

37 605

pensions

2 683

3 008

social contributions

361

404

total

3 044

3 412

Corporate

4 708

43 500

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%.

942

8 700

total

942

8 700

Dividends

3 767

34 800

withholding

829

7 656

total

829

7 656

Income

43 500

Total tax

16 717

16 356

16 923

17 266

After tax

26 783

27 144

26 577

26 234

Living cost

21 633

Free-cash

5 150

5 511

4 944

4 601

Estimated living cost is ₴21633 per week

₴14704

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

₴2011

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.

₴4595

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.

Adjust living cost Show details Source

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.