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
₴ 66500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴20032

₴19674

₴17913

₴18435

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

66 500

municipal

7 228

pensions

7 980

national

11 200

social contributions

715

total

27 123

Employee

33 274

57 489

municipal

4 110

7 485

pensions

1 331

2 300

national

6 369

11 599

total

11 810

21 384

Employer

33 274

57 489

social contributions

358

618

pensions

2 662

4 599

total

3 020

5 217

Corporate

28 011

66 500

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%.

5 602

13 300

total

5 602

13 300

Dividends

22 409

53 200

withholding

4 930

11 704

total

4 930

11 704

Income

66 500

Total tax

25 362

25 004

26 601

27 123

After tax

41 138

41 496

39 899

39 377

Living cost

21 464

Free-cash

19 674

20 032

18 435

17 913

Estimated living cost is ₴21464 per week

₴14589

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

₴1995

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

₴321

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.

₴4559

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.