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
₴ 70500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴22313

₴21954

₴19999

₴20552

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

70 500

municipal

7 689

pensions

8 460

national

11 915

social contributions

758

total

28 822

Employee

33 606

60 947

municipal

4 151

7 962

pensions

1 344

2 438

national

6 432

12 338

total

11 927

22 738

Employer

33 606

60 947

social contributions

361

655

pensions

2 688

4 876

total

3 049

5 531

Corporate

31 627

70 500

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%.

6 325

14 100

total

6 325

14 100

Dividends

25 301

56 400

withholding

5 566

12 408

total

5 566

12 408

Income

70 500

Total tax

26 867

26 508

28 269

28 822

After tax

43 633

43 992

42 231

41 678

Living cost

21 679

Free-cash

21 954

22 313

20 552

19 999

Estimated living cost is ₴21679 per week

₴14735

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.

₴4604

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.