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
₴ 99000
per

Your estimated
City
free-cash

Reykjavik , Iceland
₴40109
₴39748
₴34524
₴35054
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
-
-
-
99 000
municipal
-
-
-
11 013
pensions
-
-
-
11 880
national
-
-
-
18 852
social contributions
-
-
-
1 064
total
-
-
-
42 809
Employee
33 588
-
85 585
-
municipal
4 149
-
11 397
-
pensions
1 344
-
3 423
-
national
6 429
-
19 692
-
total
11 922
-
34 512
-
Employer
33 588
-
85 585
-
social contributions
361
-
920
-
pensions
2 687
-
6 847
-
total
3 048
-
7 767
-
Corporate
60 147
99 000
-
-
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%.

12 029
19 800
-
-
total
12 029
19 800
-
-
Dividends
48 118
79 200
-
-
withholding
10 586
17 424
-
-
total
10 586
17 424
-
-
Income
99 000
99 000
99 000
99 000
Total tax
37 585
37 224
42 279
42 809
After tax
61 415
61 776
56 721
56 191
Living cost
21 667
21 667
21 667
21 667
Free-cash
39 748
40 109
35 054
34 524

Estimated living cost  is ₴21667 per week

₴14727
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.
₴4602
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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