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
₴ 82000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₴29704
₴29346
₴26208
₴26649
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
-
-
-
82 000
municipal
-
-
-
9 036
pensions
-
-
-
9 840
national
-
-
-
14 570
social contributions
-
-
-
882
total
-
-
-
34 328
Employee
33 274
-
70 888
-
municipal
4 110
-
9 353
-
pensions
1 331
-
2 836
-
national
6 369
-
15 265
-
total
11 810
-
27 454
-
Employer
33 274
-
70 888
-
social contributions
358
-
762
-
pensions
2 662
-
5 671
-
total
3 020
-
6 433
-
Corporate
43 511
82 000
-
-
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%.

8 702
16 400
-
-
total
8 702
16 400
-
-
Dividends
34 809
65 600
-
-
withholding
7 658
14 432
-
-
total
7 658
14 432
-
-
Income
82 000
82 000
82 000
82 000
Total tax
31 190
30 832
33 887
34 328
After tax
50 810
51 168
48 113
47 672
Living cost
21 464
21 464
21 464
21 464
Free-cash
29 346
29 704
26 649
26 208

Estimated living cost  is ₴21464 per week

₴14589
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1995
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴321
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.
₴4559
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

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