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
₴ 88500
per

Your estimated
City
free-cash

Reykjavik , Iceland
₴32421
₴37871
₴32897
₴38154
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
-
-
-
88 500
national
-
-
-
17 536
pensions
-
-
-
10 620
social contributions
-
-
-
951
municipal
-
-
-
9 902
total
-
-
-
39 009
Employee
26 461
-
76 507
-
municipal
3 268
-
10 244
-
national
5 065
-
18 286
-
pensions
1 058
-
3 060
-
total
9 391
-
31 590
-
Employer
26 461
-
76 507
-
pensions
2 117
-
6 121
-
social contributions
284
-
822
-
total
2 401
-
6 943
-
Corporate
57 891
88 500
-
-
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%.

11 578
17 700
-
-
total
11 578
17 700
-
-
Dividends
46 313
70 800
-
-
withholding
10 189
15 576
-
-
total
10 189
15 576
-
-
Income
88 500
88 500
88 500
88 500
Total tax
33 559
33 276
38 533
39 009
After tax
54 941
55 224
49 967
49 491
Living cost
17 070
17 070
17 070
17 070
Free-cash
37 871
38 154
32 897
32 421

Estimated living cost  is ₴17070 per week

₴11602
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴1587
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₴255
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.
₴3625
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.

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