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
₴ 63500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴16012

₴16510

₴17602

₴17962

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

63 500

social contributions

683

municipal

6 873

national

10 650

pensions

7 620

total

25 826

Employee

33 579

54 895

pensions

1 343

2 196

national

6 427

11 031

municipal

4 148

7 119

total

11 918

20 346

Employer

33 579

54 895

pensions

2 686

4 392

social contributions

361

590

total

3 047

4 982

Corporate

24 657

63 500

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%.

4 931

12 700

total

4 931

12 700

Dividends

19 726

50 800

withholding

4 340

11 176

total

4 340

11 176

Income

63 500

Total tax

24 236

23 876

25 328

25 826

After tax

39 264

39 624

38 172

37 674

Living cost

21 662

Free-cash

17 602

17 962

16 510

16 012

Estimated living cost is ₴21662 per week

₴14723

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.