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
₴ 75500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴25433

₴25074

₴22831

₴23236

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

75 500

municipal

8 272

pensions

9 060

national

12 846

social contributions

812

total

30 990

Employee

33 606

65 269

municipal

4 151

8 564

pensions

1 344

2 611

national

6 432

13 486

total

11 927

24 661

Employer

33 606

65 269

social contributions

361

702

pensions

2 688

5 222

total

3 049

5 924

Corporate

36 627

75 500

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%.

7 325

15 100

total

7 325

15 100

Dividends

29 301

60 400

withholding

6 446

13 288

total

6 446

13 288

Income

75 500

Total tax

28 747

28 388

30 585

30 990

After tax

46 753

47 112

44 915

44 510

Living cost

21 679

Free-cash

25 074

25 433

23 236

22 831

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.