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
₴ 93000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₴36368
₴36007
₴31541
₴32041
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
-
-
-
93 000
municipal
-
-
-
10 314
pensions
-
-
-
11 160
national
-
-
-
17 321
social contributions
-
-
-
1 000
total
-
-
-
39 795
Employee
33 583
-
80 398
-
municipal
4 148
-
10 674
-
pensions
1 343
-
3 216
-
national
6 428
-
18 109
-
total
11 919
-
31 999
-
Employer
33 583
-
80 398
-
social contributions
361
-
864
-
pensions
2 687
-
6 432
-
total
3 048
-
7 296
-
Corporate
54 153
93 000
-
-
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%.

10 831
18 600
-
-
total
10 831
18 600
-
-
Dividends
43 322
74 400
-
-
withholding
9 531
16 368
-
-
total
9 531
16 368
-
-
Income
93 000
93 000
93 000
93 000
Total tax
35 329
34 968
39 295
39 795
After tax
57 671
58 032
53 705
53 205
Living cost
21 664
21 664
21 664
21 664
Free-cash
36 007
36 368
32 041
31 541

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.
 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

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