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
₴ 48000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴8272

₴7911

₴7131

₴7507

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

48 000

municipal

5 065

pensions

5 760

national

7 848

social contributions

516

total

19 189

Employee

33 608

41 496

municipal

4 151

5 251

pensions

1 344

1 660

national

6 433

8 136

total

11 928

15 047

Employer

33 608

41 496

social contributions

361

446

pensions

2 689

3 320

total

3 050

3 766

Corporate

9 124

48 000

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%.

1 825

9 600

total

1 825

9 600

Dividends

7 299

38 400

withholding

1 606

8 448

total

1 606

8 448

Income

48 000

Total tax

18 409

18 048

18 813

19 189

After tax

29 591

29 952

29 187

28 811

Living cost

21 680

Free-cash

7 911

8 272

7 507

7 131

Estimated living cost is ₴21680 per week

₴14736

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

₴2015

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.

₴4605

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.