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
₴ 54500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴12344

₴11983

₴10863

₴11291

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

54 500

municipal

5 823

pensions

6 540

national

9 024

social contributions

586

total

21 973

Employee

33 583

47 115

municipal

4 148

6 034

pensions

1 343

1 885

national

6 428

9 351

total

11 919

17 270

Employer

33 583

47 115

social contributions

361

506

pensions

2 687

3 769

total

3 048

4 275

Corporate

15 653

54 500

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%.

3 131

10 900

total

3 131

10 900

Dividends

12 522

43 600

withholding

2 755

9 592

total

2 755

9 592

Income

54 500

Total tax

20 853

20 492

21 545

21 973

After tax

33 647

34 008

32 955

32 527

Living cost

21 664

Free-cash

11 983

12 344

11 291

10 863

Estimated living cost is ₴21664 per week

₴14725

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

₴2014

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.

₴4601

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.