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
$ 2000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

$705

$696

$626

$636

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

2 000

municipal

220

pensions

240

national

350

social contributions

total

831

Employee

842

1 729

municipal

104

228

pensions

national

161

367

total

299

664

Employer

842

1 729

social contributions

pensions

138

total

157

Corporate

1 026

2 000

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%.

205

400

total

205

400

Dividends

821

1 600

withholding

181

352

total

181

352

Income

2 000

Total tax

761

752

821

831

After tax

1 239

1 248

1 179

1 169

Living cost

543

Free-cash

696

705

636

626

Estimated living cost is $543 per week

$369

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

$50

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.

$115

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.