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

₴8979

₴8550

₴8075

₴9452

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

national

9 855

pensions

7 260

municipal

6 360

social contributions

650

total

24 125

Employee

43 870

52 302

pensions

1 755

2 092

national

8 397

10 218

municipal

5 419

6 594

total

15 571

18 904

Employer

43 870

52 302

social contributions

472

562

pensions

3 510

4 184

total

3 982

4 746

Corporate

9 754

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%.

1 951

12 100

total

1 951

12 100

Dividends

7 803

48 400

withholding

1 717

10 648

total

1 717

10 648

Income

60 500

Total tax

23 221

22 748

23 650

24 125

After tax

37 279

37 752

36 850

36 375

Living cost

28 300

Free-cash

8 979

9 452

8 550

8 075

Estimated living cost is ₴28300 per week

₴19235

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

₴2631

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

₴424

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.

₴6010

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.