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
₴ 60500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴11879

₴11221

₴12302

₴10746

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

60 500

social contributions

650

municipal

6 430

pensions

7 260

national

9 964

total

24 304

Employee

39 452

52 302

pensions

1 578

2 092

municipal

4 873

6 664

national

7 551

10 327

total

14 002

19 083

Employer

39 452

52 302

pensions

3 156

4 184

social contributions

424

562

total

3 580

4 746

Corporate

14 864

60 500

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%.

2 973

12 100

total

2 973

12 100

Dividends

11 891

48 400

withholding

2 616

10 648

total

2 616

10 648

Income

60 500

Total tax

23 171

22 748

23 829

24 304

After tax

37 329

37 752

36 671

36 196

Living cost

25 450

Free-cash

11 879

12 302

11 221

10 746

Estimated living cost is ₴25450 per week

₴17298

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

₴2366

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

₴381

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.

₴5405

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.