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
$ 1200

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

$173

$184

$192

$202

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

1 200

social contributions

municipal

127

national

196

pensions

144

total

480

Employee

847

1 037

pensions

national

162

203

municipal

105

131

total

301

375

Employer

847

1 037

pensions

social contributions

total

Corporate

220

1 200

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%.

240

total

240

Dividends

176

960

withholding

211

total

211

Income

1 200

Total tax

461

451

469

480

After tax

739

749

731

720

Living cost

547

Free-cash

192

202

184

173

Estimated living cost is $547 per week

$372

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

$51

Public transport and taxi. Monthly travel card, and a few taxi rides per week.

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.

$116

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.

I'm drinking at home rarely or never.

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.