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
₴ 92000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₴31063
₴31557
₴35410
₴35772
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
-
-
-
92 000
social contributions
-
-
-
989
municipal
-
-
-
10 198
national
-
-
-
17 074
pensions
-
-
-
11 040
total
-
-
-
39 301
Employee
33 540
-
79 533
-
pensions
1 342
-
3 181
-
national
6 420
-
17 854
-
municipal
4 143
-
10 554
-
total
11 905
-
31 589
-
Employer
33 540
-
79 533
-
pensions
2 683
-
6 363
-
social contributions
361
-
855
-
total
3 044
-
7 218
-
Corporate
53 203
92 000
-
-
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%.

10 641
18 400
-
-
total
10 641
18 400
-
-
Dividends
42 562
73 600
-
-
withholding
9 364
16 192
-
-
total
9 364
16 192
-
-
Income
92 000
92 000
92 000
92 000
Total tax
34 954
34 592
38 807
39 301
After tax
57 046
57 408
53 193
52 699
Living cost
21 636
21 636
21 636
21 636
Free-cash
35 410
35 772
31 557
31 063

Estimated living cost  is ₴21636 per week

₴14706
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₴2011
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.
₴4595
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

Close
[[ place.name ]], [[ place.country ]]

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close

[[ row[2] ]] [[ row[0] ]]

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ $tc('message.data_source', {city: place.name}) ]] [[ place.name ]]

Close