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
₴ 80000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₴28277
₴27916
₴25093
₴25522
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
-
-
-
80 000
municipal
-
-
-
8 798
pensions
-
-
-
9 600
national
-
-
-
14 006
social contributions
-
-
-
860
total
-
-
-
33 264
Employee
33 550
-
69 159
-
municipal
4 144
-
9 108
-
pensions
1 342
-
2 766
-
national
6 422
-
14 685
-
total
11 908
-
26 559
-
Employer
33 550
-
69 159
-
social contributions
361
-
743
-
pensions
2 684
-
5 533
-
total
3 045
-
6 276
-
Corporate
41 190
80 000
-
-
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%.

8 238
16 000
-
-
total
8 238
16 000
-
-
Dividends
32 952
64 000
-
-
withholding
7 250
14 080
-
-
total
7 250
14 080
-
-
Income
80 000
80 000
80 000
80 000
Total tax
30 441
30 080
32 835
33 264
After tax
49 559
49 920
47 165
46 736
Living cost
21 643
21 643
21 643
21 643
Free-cash
27 916
28 277
25 522
25 093

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.
 Adjust living cost Show details Source

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.

Source of data for Reykjavik model

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close