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
₴ 73500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴24200

₴23839

₴21729

₴22241

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

73 500

municipal

8 039

pensions

8 820

national

12 458

social contributions

790

total

30 107

Employee

33 583

63 540

municipal

4 148

8 324

pensions

1 343

2 542

national

6 428

12 963

total

11 919

23 829

Employer

33 583

63 540

social contributions

361

683

pensions

2 687

5 083

total

3 048

5 766

Corporate

34 653

73 500

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%.

6 931

14 700

total

6 931

14 700

Dividends

27 722

58 800

withholding

6 099

12 936

total

6 099

12 936

Income

73 500

Total tax

27 997

27 636

29 595

30 107

After tax

45 503

45 864

43 905

43 393

Living cost

21 664

Free-cash

23 839

24 200

22 241

21 729

Estimated living cost is ₴21664 per week

₴14725

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.