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
₴ 78500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴27320

₴26959

₴24333

₴24754

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

78 500

municipal

8 622

pensions

9 420

national

13 617

social contributions

844

total

32 503

Employee

33 583

67 863

municipal

4 148

8 926

pensions

1 343

2 715

national

6 428

14 282

total

11 919

25 923

Employer

33 583

67 863

social contributions

361

730

pensions

2 687

5 429

total

3 048

6 159

Corporate

39 653

78 500

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%.

7 931

15 700

total

7 931

15 700

Dividends

31 722

62 800

withholding

6 979

13 816

total

6 979

13 816

Income

78 500

Total tax

29 877

29 516

32 082

32 503

After tax

48 623

48 984

46 418

45 997

Living cost

21 664

Free-cash

26 959

27 320

24 754

24 333

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.