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
₴ 83000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₴30125
₴29764
₴26569
₴27014
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
-
-
-
83 000
municipal
-
-
-
9 147
pensions
-
-
-
9 960
national
-
-
-
14 765
social contributions
-
-
-
892
total
-
-
-
34 764
Employee
33 588
-
71 753
-
municipal
4 149
-
9 469
-
pensions
1 344
-
2 870
-
national
6 429
-
15 469
-
total
11 922
-
27 808
-
Employer
33 588
-
71 753
-
social contributions
361
-
771
-
pensions
2 687
-
5 740
-
total
3 048
-
6 511
-
Corporate
44 147
83 000
-
-
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%.

8 829
16 600
-
-
total
8 829
16 600
-
-
Dividends
35 318
66 400
-
-
withholding
7 770
14 608
-
-
total
7 770
14 608
-
-
Income
83 000
83 000
83 000
83 000
Total tax
31 569
31 208
34 319
34 764
After tax
51 431
51 792
48 681
48 236
Living cost
21 667
21 667
21 667
21 667
Free-cash
29 764
30 125
27 014
26 569

Estimated living cost  is ₴21667 per week

₴14727
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.
₴4602
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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