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
₴ 87500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

₴33145

₴32788

₴28949

₴29419

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

87 500

municipal

9 677

pensions

10 500

national

15 978

social contributions

941

total

37 096

Employee

33 259

75 643

municipal

4 108

10 016

pensions

1 330

3 026

national

6 366

16 720

total

11 804

29 762

Employer

33 259

75 643

social contributions

358

813

pensions

2 661

6 051

total

3 019

6 864

Corporate

49 027

87 500

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%.

9 805

17 500

total

9 805

17 500

Dividends

39 222

70 000

withholding

8 629

15 400

total

8 629

15 400

Income

87 500

Total tax

33 257

32 900

36 626

37 096

After tax

54 243

54 600

50 874

50 404

Living cost

21 455

Free-cash

32 788

33 145

29 419

28 949

Estimated living cost is ₴21455 per week

₴14583

Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₴1994

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.

₴4557

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.