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
₴ 85500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴31709

₴31348

₴27828

₴28286

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

85 500

municipal

9 439

pensions

10 260

national

15 411

social contributions

919

total

36 029

Employee

33 550

73 914

municipal

4 144

9 770

pensions

1 342

2 957

national

6 422

16 136

total

11 908

28 863

Employer

33 550

73 914

social contributions

361

795

pensions

2 684

5 913

total

3 045

6 708

Corporate

46 691

85 500

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%.

9 338

17 100

total

9 338

17 100

Dividends

37 352

68 400

withholding

8 218

15 048

total

8 218

15 048

Income

85 500

Total tax

32 509

32 148

35 571

36 029

After tax

52 991

53 352

49 929

49 471

Living cost

21 643

Free-cash

31 348

31 709

28 286

27 828

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.

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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.