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
₴ 48500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴8809

₴8452

₴7628

₴8009

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

48 500

municipal

5 129

pensions

5 820

national

7 947

social contributions

521

total

19 417

Employee

33 259

41 928

municipal

4 108

5 316

pensions

1 330

1 677

national

6 366

8 238

total

11 804

15 231

Employer

33 259

41 928

social contributions

358

451

pensions

2 661

3 354

total

3 019

3 805

Corporate

10 027

48 500

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%.

2 005

9 700

total

2 005

9 700

Dividends

8 022

38 800

withholding

1 765

8 536

total

1 765

8 536

Income

48 500

Total tax

18 593

18 236

19 036

19 417

After tax

29 907

30 264

29 464

29 083

Living cost

21 455

Free-cash

8 452

8 809

8 009

7 628

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.