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
₴ 62000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₴17008
₴16647
₴15136
₴15624
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
-
-
-
62 000
municipal
-
-
-
6 698
pensions
-
-
-
7 440
national
-
-
-
10 379
social contributions
-
-
-
667
total
-
-
-
25 184
Employee
33 608
-
53 598
-
municipal
4 151
-
6 938
-
pensions
1 344
-
2 144
-
national
6 433
-
10 750
-
total
11 928
-
19 832
-
Employer
33 608
-
53 598
-
social contributions
361
-
576
-
pensions
2 689
-
4 288
-
total
3 050
-
4 864
-
Corporate
23 124
62 000
-
-
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%.

4 625
12 400
-
-
total
4 625
12 400
-
-
Dividends
18 499
49 600
-
-
withholding
4 070
10 912
-
-
total
4 070
10 912
-
-
Income
62 000
62 000
62 000
62 000
Total tax
23 673
23 312
24 696
25 184
After tax
38 327
38 688
37 304
36 816
Living cost
21 680
21 680
21 680
21 680
Free-cash
16 647
17 008
15 624
15 136

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.
 Adjust living cost Show details Source

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.

Source of data for Reykjavik model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close