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
₴ 86500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴32312

₴31951

₴28310

₴28775

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

86 500

municipal

9 556

pensions

10 380

national

15 660

social contributions

930

total

36 526

Employee

33 583

74 778

municipal

4 148

9 890

pensions

1 343

2 991

national

6 428

16 394

total

11 919

29 275

Employer

33 583

74 778

social contributions

361

804

pensions

2 687

5 982

total

3 048

6 786

Corporate

47 653

86 500

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%.

9 531

17 300

total

9 531

17 300

Dividends

38 122

69 200

withholding

8 387

15 224

total

8 387

15 224

Income

86 500

Total tax

32 885

32 524

36 061

36 526

After tax

53 615

53 976

50 439

49 974

Living cost

21 664

Free-cash

31 951

32 312

28 775

28 310

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.