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
₴ 72500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴23597

₴23236

₴21177

₴21745

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

72 500

municipal

7 923

pensions

8 700

national

12 278

social contributions

779

total

29 680

Employee

33 550

62 676

municipal

4 144

8 204

pensions

1 342

2 507

national

6 422

12 713

total

11 908

23 424

Employer

33 550

62 676

social contributions

361

674

pensions

2 684

5 014

total

3 045

5 688

Corporate

33 690

72 500

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%.

6 738

14 500

total

6 738

14 500

Dividends

26 952

58 000

withholding

5 930

12 760

total

5 930

12 760

Income

72 500

Total tax

27 621

27 260

29 112

29 680

After tax

44 879

45 240

43 388

42 820

Living cost

21 643

Free-cash

23 236

23 597

21 745

21 177

Estimated living cost is ₴21643 per week

₴14710

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

₴2012

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.

₴4597

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.