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
₴ 62500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴17441

₴15536

₴16028

₴17082

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

62 500

municipal

6 759

social contributions

672

pensions

7 500

national

10 474

total

25 405

Employee

33 421

54 031

municipal

4 128

7 001

pensions

1 337

2 161

national

6 397

10 848

total

11 862

20 010

Employer

33 421

54 031

social contributions

359

581

pensions

2 674

4 322

total

3 033

4 903

Corporate

23 840

62 500

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%.

4 768

12 500

total

4 768

12 500

Dividends

19 072

50 000

withholding

4 196

11 000

total

4 196

11 000

Income

62 500

Total tax

23 859

23 500

24 913

25 405

After tax

38 641

39 000

37 587

37 095

Living cost

21 559

Free-cash

17 082

17 441

16 028

15 536

Estimated living cost is ₴21559 per week

₴14654

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

₴2004

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

₴323

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.

₴4579

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.