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
$ 2150

per

Your estimated

Best value All models

City

free-cash

Dresden , Germany

$751

$726

$857

$1003

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

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

2 150

trade

252

health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

673

total

1 042

Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

451

2 150

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

673

health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

total

790

Employer

total

Corporate

1 699

2 150

trade

268

339

income

255

323

chamber of commerce

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

total

541

685

Dividends

1 159

1 466

withholding

285

362

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

total

301

382

Income

2 150

Total tax

936

1 067

790

1 042

After tax

1 214

1 083

1 360

1 108

Living cost

357

Free-cash

857

726

1 003

751

Estimated living cost is $357 per week

$224

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

$42

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.

$84

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.

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Additional information

Nationals of Europe, Australia, Canada, Israel, Japan, the Republic of Korea, New Zealand and the USA do not require an entry type D visa (not to confuse with a Schengen visa or a visa-free entry). For other nationals, waiting time is around 6-9 months which includes document preparation and processing.

Reykjavik , Iceland

$642

$715

$704

$655

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

2 150

municipal

235

pensions

258

social contributions

national

365

total

881

Employee

971

1 859

municipal

120

244

national

186

381

pensions

total

345

699

Employer

971

1 859

pensions

149

social contributions

total

169

Corporate

1 027

2 150

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

430

total

205

430

Dividends

821

1 720

withholding

181

378

total

181

378

Income

2 150

Total tax

819

808

868

881

After tax

1 331

1 342

1 282

1 269

Living cost

627

Free-cash

704

715

655

642

Estimated living cost is $627 per week

$426

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

$58

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.

$133

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

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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.

Riga , Latvia

$504

$1475

$1378

$663

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

As of 1 January, 2018 a microenterprise tax rate for microenterprise turnover of up to €40,000 is 15%. This tax is inclusive of all other taxes and contributions.

Microenterprise tax could also be applied to a company but as the only exception is a limitation of liability, we advise to register as a sole-trader.

2 150

surtax

548

social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

451

income

402

microenterprise

total

1 401

Employee

344

1 632

social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

154

surtax

237

income

333

total

724

Employer

344

1 632

surtax

180

social contributions

Each person younger than 30 on 1 July, 2001 should make pension contributions to an old-age pension account. We include it in our internal model.

338

total

518

Corporate

1 723

2 150

income

Corporate income tax rate is 20% applicable to the taxable base. However, before applying the statutory rate, the taxable base should be divided by a coefficient of 0.8. As taxable base is increased by the coefficient, the effective corporate income tax rate is 25%.

345

430

total

345

430

Dividends

In Latvia, local dividends are not subject to withholding tax.

1 378

1 720

total

Income

2 150

Total tax

527

430

1 242

1 401

After tax

1 623

1 720

908

749

Living cost

245

Free-cash

1 378

1 475

663

504

Estimated living cost is $245 per week

$156

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

$23

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.

$60

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Rotterdam , Netherlands

$688

$571

$499

$858

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

2 150

pensions

138

health

145

income

685

total

968

Employee

1 006

1 931

pensions

181

138

income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

165

296

health

154

131

145

total

500

434

579

Employer

1 006

1 931

pensions

unemployment

health

total

176

219

Corporate

980

968

income

196

194

total

196

194

Dividends

784

774

withholding

118

116

income

167

165

total

285

281

Income

2 150

Total tax

1 157

1 085

798

968

After tax

993

1 065

1 352

1 182

Living cost

494

Free-cash

499

571

858

688

Estimated living cost is $494 per week

$350

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

$44

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.

$91

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Stockholm , Sweden

$618

$688

$678

$607

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

2 150

municipal

549

pensions

115

health

other

124

unemployment

accident

national

189

total

1 046

Employee

692

1 815

municipal

206

541

national

182

total

206

723

Employer

692

1 815

pensions

115

other

124

unemployment

accident

health

total

217

334

Corporate

1 240

2 150

income

273

473

total

273

473

Dividends

967

1 677

withholding

290

503

total

290

503

Income

2 150

Total tax

986

976

1 057

1 046

After tax

1 164

1 174

1 093

1 104

Living cost

486

Free-cash

678

688

607

618

Estimated living cost is $486 per week

$322

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

$48

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.

$109

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Hamburg , Germany

$633

$609

$777

$897

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

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

2 150

trade

264

health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

673

total

1 054

Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

597

2 150

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

673

health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

total

134

790

Employer

total

Corporate

1 553

2 150

trade

255

354

income

233

323

chamber of commerce

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

total

505

700

Dividends

1 048

1 451

withholding

257

358

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

total

271

378

Income

2 150

Total tax

910

1 078

790

1 054

After tax

1 240

1 072

1 360

1 096

Living cost

463

Free-cash

777

609

897

633

Estimated living cost is $463 per week

$310

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

$49

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.

$98

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Limassol , Cyprus

$1083

$1187

$1137

$1066

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

2 150

health

social contributions

191

income

439

total

685

Employee

906

2 011

social contributions

101

income

429

health

total

148

174

564

Employer

906

2 011

social contributions

101

health

total

138

Corporate

1 566

1 152

income

196

144

total

196

144

Dividends

1 370

1 008

withholding

233

171

total

233

171

Income

2 150

Total tax

631

581

702

685

After tax

1 519

1 569

1 448

1 465

Living cost

382

Free-cash

1 137

1 187

1 066

1 083

Estimated living cost is $382 per week

$261

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

$30

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.

$85

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Budapest , Hungary

$1273

$992

$996

$1030

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

2 150

pensions

215

health

151

unemployment

income

263

total

661

Employee

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

312

124

1 799

pensions

180

unemployment

income

220

health

126

total

553

Employer

As of 2018, the minimum salary of a managing director was set at 180,500 HUF per month.

The minimum wage is 138,000 HUF per month.

312

124

1 799

pensions

351

total

351

Corporate

1 777

2 001

income

160

180

total

160

180

Dividends

1 617

1 821

withholding

307

346

social contributions

314

354

total

621

700

Income

2 150

Total tax

938

942

904

661

After tax

1 212

1 208

1 246

1 489

Living cost

216

Free-cash

996

992

1 030

1 273

Estimated living cost is $216 per week

$148

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

$18

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.

$47

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Tallinn , Estonia

$868

$1435

$1361

$954

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

2 150

pensions

430

health

279

income

288

total

997

Employee

334

1 607

pensions

unemployment

income

310

total

368

Employer

334

1 607

pensions

321

unemployment

health

209

total

113

543

Corporate

1 703

2 150

income

341

430

total

341

430

Dividends

1 362

1 720

total

Income

2 150

Total tax

504

430

911

997

After tax

1 646

1 720

1 239

1 153

Living cost

285

Free-cash

1 361

1 435

954

868

Estimated living cost is $285 per week

$195

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

$17

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.

$67

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Gdansk , Poland

$1207

-$89

$134

$907

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

2 150

pensions

health

other

accident

income

597

total

680

Employee

414

1 938

pensions

income

456

health

222

total

151

769

Employer

414

1 938

pensions

132

unemployment

accident

total

211

Corporate

1 652

2 150

income

From 1 January 2017, a lowered corporate income tax rate of 9% was introduced for so-called 'small taxpayers' - entities with turnover not exceeding the equivalent of €1.2 million and for taxpayers starting business activity, during their previous tax year.

1 487

1 935

total

1 487

1 935

Dividends

165

215

withholding

total

Income

2 150

Total tax

1 753

1 976

980

680

After tax

397

174

1 170

1 470

Living cost

263

Free-cash

134

-89

907

1 207

Estimated living cost is $263 per week

$193

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

$15

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.

$50

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Poland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should use a business incubator or set up a company and hire themselves as an employee.

Batumi , Georgia

$2033

$1946

$1929

$1624

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

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

2 150

microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

total

Employee

120

2 150

income

430

total

430

Employer

total

Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

2 030

2 150

total

Dividends

2 030

2 150

withholding

101

108

total

101

108

Income

2 150

Total tax

125

108

430

After tax

2 025

2 042

1 720

2 129

Living cost

Free-cash

1 929

1 946

1 624

2 033

Estimated living cost is $96 per week

$60

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

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.

$26

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Social security system in Georgia is financed from the government taxes which are part of our internal model. Separate pension and medical insurance contributions are not compulsory. It is advisable to purchase health insurance privately as in an event of medical emergency the treatment is likely to get costly.

Bratislava , Slovakia

$903

$1266

$1187

$903

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

2 150

pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

430

health

other

income

339

total

933

Employee

428

1 717

pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

120

unemployment

income

339

health

total

114

500

Employer

428

1 717

pensions

Participation in the individual account program is voluntary (6% of an income). The decision to contribute to an individual account must be made before the age of 35 and cannot be reversed.

292

other

unemployment

accident

health

total

107

433

Corporate

1 614

2 150

income

339

451

total

339

451

Dividends

1 275

1 699

withholding

119

total

119

Income

2 150

Total tax

649

570

933

After tax

1 501

1 580

1 217

Living cost

314

Free-cash

1 187

1 266

903

Estimated living cost is $314 per week

$222

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

$21

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.

$66

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

London , United Kingdom

$639

$617

$673

$444

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

2 150

pensions

107

income

625

total

732

Employee

1 102

1 877

pensions

106

131

income

199

496

health

total

323

654

Employer

1 102

1 877

pensions

130

237

health

total

151

273

Corporate

897

2 150

income

It is proposed for this rate to fall to 17% from the financial year starting on 1 April, 2020. Also, where the taxable profits can be attributed to the exploitation of patents, a lower rate of 10% applies.

170

409

total

170

409

Dividends

726

1 741

withholding

345

total

345

Income

2 150

Total tax

698

754

927

732

After tax

1 452

1 396

1 223

1 418

Living cost

779

Free-cash

673

617

444

639

Estimated living cost is $779 per week

$584

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

$92

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.

$97

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details

Additional information

The only visa which will gain you entry to the UK as a freelancer is Tier 1 (with an exception of EU nationals or long-term UK residence permit holders, up until Brexit). There are two Tier 1 visa pathways.

You can either apply for an Entrepreneur visa which requires an investment of at least £200000 and creating two full time jobs, or choose an Exceptional Talent visa, which has no financial requirements but is more difficult to obtain.

Varna , Bulgaria

$1564

$1684

$1630

$1649

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

2 150

pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

health

unemployment

income

322

total

432

Employee

204

2 069

accident

We are using the highest rate at 1.1%.

pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

income

207

health

total

267

Employer

204

2 069

pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

unemployment

accident

We are using the highest rate at 1.1%.

health

total

Corporate

1 905

2 150

income

191

215

total

191

215

Dividends

1 715

1 935

withholding

total

Income

2 150

Total tax

366

312

347

432

After tax

1 784

1 838

1 803

1 718

Living cost

154

Free-cash

1 630

1 684

1 649

1 564

Estimated living cost is $154 per week

$90

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

$11

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.

$49

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Amsterdam , Netherlands

$529

$412

$443

$699

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

2 150

pensions

138

health

145

income

685

total

968

Employee

1 092

1 006

1 931

pensions

138

income

It is possible to apply for a 30% ruling (tax reduction) for salaries over €37,000 per annum.

165

296

health

136

131

145

total

439

434

579

Employer

1 092

1 006

1 931

pensions

unemployment

health

total

191

176

219

Corporate

867

968

income

173

194

total

173

194

Dividends

693

774

withholding

104

116

income

147

165

total

251

281

Income

2 150

Total tax

1 054

1 085

798

968

After tax

1 096

1 065

1 352

1 182

Living cost

653

Free-cash

443

412

699

529

Estimated living cost is $653 per week

$482

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

$58

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.

$106

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Brno , Czech Republic

$930

$1188

$1082

$833

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

2 150

health

290

social contributions

421

solidarity contribution

income

216

total

927

Employee

430

1 642

social contributions

income

199

solidarity contribution

health

222

total

138

515

Employer

430

1 642

social contributions

108

361

health

148

total

147

509

Corporate

1 573

2 150

income

299

408

total

299

408

Dividends

1 274

1 742

withholding

191

261

total

191

261

Income

2 150

Total tax

775

669

1 024

927

After tax

1 375

1 481

1 126

1 223

Living cost

293

Free-cash

1 082

1 188

833

930

Estimated living cost is $293 per week

$203

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

$21

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.

$63

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Milan , Italy

$526

$650

$588

$430

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

2 150

municipal

regional

social contributions

553

national

536

total

1 127

Employee

1 047

2 150

social contributions

353

725

municipal

regional

national

181

465

total

550

1 223

Employer

1 047

2 150

total

Corporate

1 103

2 150

nationa

265

516

municipal

total

308

600

Dividends

795

1 550

withholding

207

403

total

207

403

Income

2 150

Total tax

1 065

1 003

1 223

1 127

After tax

1 085

1 147

927

1 023

Living cost

497

Free-cash

588

650

430

526

Estimated living cost is $497 per week

$347

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

$33

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.

$110

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Thessaloniki , Greece

$756

$1092

$1057

$683

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

2 150

pensions

314

health

112

surtax

other

unemployment

income

609

total

1 134

Employee

390

1 819

surtax

pensions

105

other

unemployment

109

income

539

health

total

129

875

Employer

390

1 819

pensions

210

other

unemployment

health

total

332

Corporate

1 678

2 150

income

436

559

total

436

559

Dividends

1 242

1 591

withholding

186

239

total

186

239

Income

2 150

Total tax

833

798

1 207

1 134

After tax

1 317

1 352

943

1 016

Living cost

260

Free-cash

1 057

1 092

683

756

Estimated living cost is $260 per week

$159

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

$24

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.

$71

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details

Cambridge , United Kingdom

$886

$864

$941

$691

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

2 150

pensions

107

income

625

total

732

Employee

739

1 877

pensions

131

income

133

496

health

total

207

654

Employer

739

1 877

pensions

237

health

total

273

Corporate

1 317

2 150

income

250

409

total

250

409

Dividends

1 067

1 741

withholding

126

345

total

126

345

Income

2 150

Total tax

677

754

927

732

After tax

1 473

1 396

1 223

1 418

Living cost

532

Free-cash

941

864

691

886

Estimated living cost is $532 per week

$399

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

$40

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.

$88

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details

Additional information

Zurich , Switzerland

$797

$41

$445

$700

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

2 150

regional

106

city

pensions

198

health

other

This will depend on a canton and a chosen fund. The rate is between 0.3% and 3.4% with a maximum base of 148,200 CHF. We use 2% as an average rate.

national

total

411

Employee

1 102

1 924

regional

national

pensions

162

unemployment

city

health

total

148

304

Employer

1 102

1 924

pensions

162

other

This will depend on a canton and a chosen fund. The rate is between 0.1% and 3.63% for an employee. We use 2% as an average rate.

unemployment

health

total

117

204

Corporate

919

2 150

regional

194

455

national

183

total

272

638

Dividends

646

1 513

withholding

226

529

total

226

529

Income

2 150

Total tax

763

1 167

508

411

After tax

1 387

983

1 642

1 739

Living cost

942

Free-cash

445

700

797

Estimated living cost is $942 per week

$612

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

$84

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

$12

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.

$233

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details

Additional information

It is extremely rare that a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit) is given a residence permit based on self-employment.

Munich , Germany

$545

$521

$714

$820

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

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

2 150

trade

275

health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

673

total

1 065

Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

708

2 150

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

673

health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

total

168

790

Employer

total

Corporate

1 442

2 150

trade

247

369

income

216

323

chamber of commerce

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

total

479

715

Dividends

963

1 436

withholding

236

355

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

total

249

374

Income

2 150

Total tax

896

1 089

790

1 065

After tax

1 254

1 061

1 360

1 085

Living cost

540

Free-cash

714

521

820

545

Estimated living cost is $540 per week

$394

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

$43

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.

$95

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Nice , France

$808

$681

$751

$771

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

2 150

pensions

376

health

surtax

other

social contributions

income

342

total

939

Employee

504

1 662

social contributions

surtax

pensions

116

income

325

total

101

488

Employer

504

1 662

pensions

196

social contributions

other

unemployment

health

155

total

157

488

Corporate

1 488

2 150

income

417

602

surtax

total

417

602

Dividends

1 072

1 548

withholding

137

198

surtax

social contributions

184

266

total

321

464

Income

2 150

Total tax

996

1 066

976

939

After tax

1 154

1 084

1 174

1 211

Living cost

403

Free-cash

751

681

771

808

Estimated living cost is $403 per week

$254

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

$33

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.

$109

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Marseille , France

$848

$721

$786

$811

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

2 150

pensions

376

health

surtax

other

social contributions

income

342

total

939

Employee

450

1 662

social contributions

surtax

pensions

116

income

325

total

488

Employer

450

1 662

pensions

196

social contributions

other

unemployment

health

155

total

140

488

Corporate

1 559

2 150

income

437

602

surtax

total

437

602

Dividends

1 123

1 548

withholding

144

198

surtax

social contributions

193

266

total

337

464

Income

2 150

Total tax

1 001

1 066

976

939

After tax

1 149

1 084

1 174

1 211

Living cost

363

Free-cash

786

721

811

848

Estimated living cost is $363 per week

$211

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

$37

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.

$109

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Vilnius , Lithuania

$1130

$1061

$1067

$1084

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

2 150

health

150

social contributions

297

income

323

total

770

Employee

399

2 150

social contributions

297

income

369

health

150

total

150

816

Employer

399

2 150

total

Corporate

1 751

2 150

income

The standard tax rate is 15%. However, small companies and agricultural companies can apply a reduced corporate income tax rate of 0% to the first year of operation when certain conditions are met; and 5% to revenues of less than €300,000 per year. We made calculations based on 5% and skipped 0%.

108

total

108

Dividends

1 663

2 042

withholding

249

306

social contributions

230

282

health

116

143

total

595

731

Income

2 150

Total tax

833

839

816

770

After tax

1 317

1 311

1 334

1 380

Living cost

250

Free-cash

1 067

1 061

1 084

1 130

Estimated living cost is $250 per week

$167

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

$15

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.

$61

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Vienna , Austria

$689

$774

$755

$154

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

2 150

pensions

255

health

105

surtax

unemployment

income

603

chamber of commerce

total

1 046

Employee

589

469

1 726

pensions

141

other

unemployment

income

488

health

total

174

120

737

Employer

589

469

1 726

payroll

chamber of commerce

pensions

173

surtax

other

unemployment

accident

health

total

172

137

424

Corporate

1 390

1 543

1 681

income

The minimum corporate income for a GmbH is €1,1750 for a year. However, for GmbHs founded after 30 June 2013, the amount is reduced to €500 for the first five years and €1000 for the next five years.

Минимальный корпоративный налог для GmbH €1,1750 в год. Если GmbHs основана после 30 Июня 2013 эта сумма сниже до €500 в первые 5 лет и €1000 для следующих пяти лет.

347

386

420

total

347

386

420

Dividends

1 042

1 157

withholding

287

318

total

287

318

Income

2 150

Total tax

980

961

1 581

1 046

After tax

1 170

1 189

569

1 104

Living cost

415

Free-cash

755

774

154

689

Estimated living cost is $415 per week

$277

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

$35

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.

$96

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

As a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit), you can apply for permanent residence when your business creates macroeconomic benefit. This could be an investment starting from €100,000, creating new jobs or securing existing ones, or making a substantial contribution to the region's economy. You can also be considered with a transfer of know-how to Austria or an evident commitment to develop an innovative product or technology.

Brussels , Belgium

$503

$772

$596

$323

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

2 150

social contributions

294

communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

111

national

812

total

1 217

Employee

The minimum management director salary is set at €45,000 per year.

843

1 665

national

259

608

pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

125

unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

communal

Communal tax will depend on the area of registration and each commune in the city has its own rate.

health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

total

413

912

Employer

The minimum management director salary is set at €45,000 per year.

843

1 665

pensions

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

148

surtax

189

unemployment

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

accident

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

health

Reference earnings are 100% of the insured person's gross earnings for white-collar workers and 108% of the insured person's gross earnings for blue-collar workers.

102

total

246

485

Corporate

1 062

2 150

income

212

430

surtax

total

216

439

Dividends

845

1 711

withholding

As an investor, you can take advantage of €640 tax free allowance per year.

249

509

total

249

509

Income

2 150

Total tax

1 124

948

1 397

1 217

After tax

1 026

1 202

753

933

Living cost

430

Free-cash

596

772

323

503

Estimated living cost is $430 per week

$277

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

$38

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.

$109

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Barcelona , Spain

$780

$1007

$926

$731

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

2 150

pensions

309

other

unemployment

accident

income

617

total

945

Employee

586

1 802

pensions

other

unemployment

income

124

576

total

162

645

Employer

586

1 802

pensions

138

258

other

unemployment

accident

total

187

349

Corporate

1 377

2 150

income

The general rate of corporate tax is 25%. The lower rate of 15% is introduced for newly formed companies which applies during the first two years of operation in which taxable profit is made. We use the lower rate in our model.

206

323

total

206

323

Dividends

1 170

1 827

withholding

244

395

total

244

395

Income

2 150

Total tax

799

718

994

945

After tax

1 351

1 432

1 156

1 205

Living cost

425

Free-cash

926

1 007

731

780

Estimated living cost is $425 per week

$313

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

$30

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.

$76

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Luxembourg , Luxembourg

$414

$612

$460

$500

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

2 150

pensions

322

health

151

surtax

107

accident

communal

136

income

362

total

1 096

Employee

892

1 920

surtax

118

pensions

154

income

423

health

total

252

780

Employer

892

1 920

pensions

154

accident

health

total

106

230

Corporate

1 151

2 150

communal

145

income

173

323

surtax

total

263

491

Dividends

889

1 660

withholding

133

249

income

296

158

total

429

407

Income

2 150

Total tax

1 050

898

1 010

1 096

After tax

1 100

1 252

1 140

1 054

Living cost

640

Free-cash

460

612

500

414

Estimated living cost is $640 per week

$480

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

$39

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.

$114

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Athens , Greece

$751

$1087

$1050

$678

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

2 150

pensions

314

health

112

surtax

other

unemployment

income

609

total

1 134

Employee

397

1 819

surtax

pensions

105

other

unemployment

109

income

539

health

total

132

875

Employer

397

1 819

pensions

210

other

unemployment

health

total

332

Corporate

1 670

2 150

income

434

559

total

434

559

Dividends

1 236

1 591

withholding

185

239

total

185

239

Income

2 150

Total tax

835

798

1 207

1 134

After tax

1 315

1 352

943

1 016

Living cost

265

Free-cash

1 050

1 087

678

751

Estimated living cost is $265 per week

$160

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

$23

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.

$76

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details

Naples , Italy

$699

$813

$788

$603

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

2 150

municipal

regional

social contributions

553

national

536

total

1 134

Employee

653

2 150

social contributions

220

725

municipal

regional

national

104

465

total

336

1 230

Employer

653

2 150

total

Corporate

1 497

2 150

nationa

359

516

municipal

107

total

433

623

Dividends

1 063

1 527

withholding

276

397

total

276

397

Income

2 150

Total tax

1 045

1 020

1 230

1 134

After tax

1 105

1 130

920

1 016

Living cost

317

Free-cash

788

813

603

699

Estimated living cost is $317 per week

$197

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

$32

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.

$82

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Prague , Czech Republic

$862

$1120

$990

$765

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

2 150

health

290

social contributions

421

solidarity contribution

income

216

total

927

Employee

530

1 642

social contributions

income

199

solidarity contribution

health

222

total

170

515

Employer

530

1 642

social contributions

133

361

health

148

total

181

509

Corporate

1 439

2 150

income

273

408

total

273

408

Dividends

1 166

1 742

withholding

175

261

total

175

261

Income

2 150

Total tax

799

669

1 024

927

After tax

1 351

1 481

1 126

1 223

Living cost

361

Free-cash

990

1 120

765

862

Estimated living cost is $361 per week

$268

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

$20

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.

$66

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Graz , Austria

$730

$814

$809

$193

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

2 150

pensions

255

health

105

surtax

unemployment

income

603

chamber of commerce

total

1 044

Employee

515

469

1 728

pensions

141

other

unemployment

income

489

health

total

139

120

738

Employer

515

469

1 728

payroll

chamber of commerce

pensions

173

surtax

other

unemployment

accident

health

total

147

135

422

Corporate

1 487

1 545

1 684

income

372

386

421

total

372

386

421

Dividends

1 115

1 159

withholding

307

319

total

307

319

Income

2 150

Total tax

965

960

1 581

1 044

After tax

1 185

1 190

569

1 106

Living cost

376

Free-cash

809

814

193

730

Estimated living cost is $376 per week

$225

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

$38

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.

$105

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Tbilisi , Georgia

$1979

$1892

$1864

$1570

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

We expect you will register a microenterprise to benefit from 1% tax rate. Otherwise you will be taxed at a personal income rate of 20%.

2 150

microenterprise

A sole-trader will lose its microenterprise status when the turnover exceeds 500,000 GEL for the last two consecutive years.

total

Employee

188

2 150

income

430

total

430

Employer

total

Corporate

We will register your company as part of a virtual zone. Your non-Georgian corporate tax will be zero. Turnover in Georgia will be taxed at 15%.

1 962

2 150

total

Dividends

1 962

2 150

withholding

108

total

108

Income

2 150

Total tax

136

108

430

After tax

2 014

2 042

1 720

2 129

Living cost

150

Free-cash

1 864

1 892

1 570

1 979

Estimated living cost is $150 per week

$102

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

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.

$37

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Ljubljana , Slovenia

$730

$1164

$1065

$673

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

A sole-trader pays social contribution from 75% of the assessed income made in the last year.

The minimum monthly assessed income used to calculate contributions is 60% of the insured's average monthly wage in the last year.

The maximum assessed income used to calculate contributions is 3.5 times the insured's average monthly wage in the last year.

2 150

pensions

393

health

212

unemployment

income

496

total

1 104

Employee

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

521

1 860

pensions

288

unemployment

income

460

health

120

total

206

871

Employer

The minimum monthly earnings used to calculate contributions are 54% (gradually rising by two percent until reaching 60% by 2021) of the insured's average monthly wage in the last year.

521

1 860

pensions

165

unemployment

health

124

total

290

Corporate

1 548

2 150

income

294

409

total

294

409

Dividends

1 254

1 741

withholding

188

261

total

188

261

Income

2 150

Total tax

769

670

1 161

1 104

After tax

1 381

1 480

989

1 046

Living cost

316

Free-cash

1 065

1 164

673

730

Estimated living cost is $316 per week

$217

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

$20

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.

$73

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Oslo , Norway

$972

$794

$227

$1479

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

2 150

social contributions

245

income

419

total

664

Employee

737

social contributions

income

163

total

223

Employer

737

social contributions

1 040

148

total

1 040

148

Corporate

373

2 150

income

473

total

473

Dividends

291

1 677

income

369

total

369

Income

2 150

Total tax

1 409

842

157

664

After tax

741

1 308

1 993

1 486

Living cost

514

Free-cash

227

794

1 479

972

Estimated living cost is $514 per week

$334

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

$48

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.

$126

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Lisbon , Portugal

$777

$853

$840

$613

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

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

2 150

surtax

social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

747

income

256

total

1 003

Employee

542

1 737

social contributions

191

surtax

income

113

563

total

173

754

Employer

542

1 737

social contributions

129

413

total

129

413

Corporate

1 480

2 150

income

311

451

surtax

total

311

451

Dividends

1 169

1 699

withholding

327

476

total

327

476

Income

2 150

Total tax

940

927

1 167

1 003

After tax

1 210

1 223

983

1 147

Living cost

370

Free-cash

840

853

613

777

Estimated living cost is $370 per week

$276

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

$22

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.

$65

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Paris , France

$642

$515

$597

$605

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

2 150

pensions

376

health

surtax

other

social contributions

income

342

total

939

Employee

738

1 662

social contributions

surtax

pensions

116

income

325

total

168

488

Employer

738

1 662

pensions

121

196

social contributions

other

unemployment

health

155

total

230

488

Corporate

1 182

2 150

income

331

602

surtax

total

331

602

Dividends

851

1 548

withholding

109

198

surtax

social contributions

146

266

total

255

464

Income

2 150

Total tax

984

1 066

976

939

After tax

1 166

1 084

1 174

1 211

Living cost

569

Free-cash

597

515

605

642

Estimated living cost is $569 per week

$385

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

$47

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.

$130

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Andorra , Andorra

$1227

$1581

$1541

$1283

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

2 150

social contributions

473

income

total

569

Employee

379

1 861

social contributions

121

income

103

total

224

Employer

379

1 861

social contributions

289

total

289

Corporate

1 713

2 150

income

171

215

total

171

215

Dividends

1 541

1 935

total

Income

2 150

Total tax

255

215

513

569

After tax

1 895

1 935

1 637

1 581

Living cost

354

Free-cash

1 541

1 581

1 283

1 227

Estimated living cost is $354 per week

$229

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

$27

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.

$92

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Andorra has a limit of 1000 sole-trade resident permits per year, so while it isn't complicated to obtain one, it may get difficult by the end of the term.

Copenhagen , Denmark

$697

-$413

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

2 150

municipal

450

pensions

labour market

171

national

255

total

886

Employee

2 392

municipal

509

national

292

pensions

labour market

191

total

995

Employer

2 392

labour market

191

pensions

municipal

510

national

293

total

1 001

Corporate

income

total

Dividends

withholding

total

Income

2 150

Total tax

1 996

886

After tax

154

1 264

Living cost

567

Free-cash

-413

697

Estimated living cost is $567 per week

$388

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.

$120

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Krakow , Poland

$1211

-$85

$134

$911

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

2 150

pensions

health

other

accident

income

597

total

680

Employee

408

1 938

pensions

income

456

health

222

total

149

769

Employer

408

1 938

pensions

132

unemployment

accident

total

211

Corporate

1 659

2 150

income

1 493

1 935

total

1 493

1 935

Dividends

166

215

withholding

total

Income

2 150

Total tax

1 757

1 976

980

680

After tax

393

174

1 170

1 470

Living cost

259

Free-cash

134

-85

911

1 211

Estimated living cost is $259 per week

$189

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

$15

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.

$51

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Helsinki , Finland

$924

$891

$920

$670

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

You can choose the amount to declare for pension contributions and choose a pension insurance company or a pension insurance fund you prefer to use; or you could opt out of pension contributions altogether. You can find more details on Finnish Centre for Pensions

2 150

municipal

382

health

national

364

total

774

Employee

620

1 809

municipal

102

295

national

219

pensions

122

unemployment

health

total

168

686

Employer

620

1 809

pensions

108

314

unemployment

accident

health

total

118

342

Corporate

1 413

2 150

income

283

430

total

283

430

Dividends

Finish residents use 75% of income from dividends as a base for income tax.

848

1 290

municipal

153

232

national

145

total

209

377

Income

2 150

Total tax

778

807

1 028

774

After tax

1 372

1 343

1 122

1 376

Living cost

452

Free-cash

920

891

670

924

Estimated living cost is $452 per week

$295

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

$44

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.

$106

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

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Additional information

Finland permits registration as a sole-trader only for EU nationals or long-term EU resident permit holders. Other nationals should set up a company and hire themselves as an employee.

Larnaca , Cyprus

$1192

$1296

$1231

$1175

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

2 150

health

social contributions

191

income

439

total

685

Employee

906

2 011

social contributions

101

income

429

health

total

140

174

564

Employer

906

2 011

social contributions

101

health

total

138

Corporate

1 695

1 152

income

212

144

total

212

144

Dividends

1 484

1 008

withholding

252

171

total

252

171

Income

2 150

Total tax

646

581

702

685

After tax

1 504

1 569

1 448

1 465

Living cost

273

Free-cash

1 231

1 296

1 175

1 192

Estimated living cost is $273 per week

$163

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

$27

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.

$77

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Podgorica , Montenegro

$1626

$1593

$1533

$1389

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

By law (Article 9 §1 (7); Article 10 §1 (7); Article 11 §1 (5)) a social contribution base is set as:

up to €9,000.00, 60% of the average monthly wage in Montenegro
up to €15,000.00, 100% of the average monthly wage in Montenegro
in excess of €15,000, 150% of the average monthly wage in Montenegro

2 150

pensions

health

unemployment

income

219

total

337

Employee

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

270

2 035

pensions

168

unemployment

income

190

health

total

459

Employer

We use the last available minimum wage (€288,05 per month) as a minimum base for social contributions.

270

2 035

pensions

unemployment

health

total

115

Corporate

1 852

2 150

income

167

194

total

167

194

Dividends

1 685

1 956

withholding

152

176

total

152

176

Income

2 150

Total tax

430

370

574

337

After tax

1 720

1 780

1 576

1 813

Living cost

187

Free-cash

1 533

1 593

1 389

1 626

Estimated living cost is $187 per week

$119

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

$13

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.

$49

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Valencia , Spain

$881

$1108

$1057

$832

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

2 150

pensions

309

other

unemployment

accident

income

617

total

945

Employee

436

1 802

pensions

other

unemployment

income

576

total

111

645

Employer

436

1 802

pensions

103

258

other

unemployment

accident

total

139

349

Corporate

1 576

2 150

income

236

323

total

236

323

Dividends

1 339

1 827

withholding

283

395

total

283

395

Income

2 150

Total tax

769

718

994

945

After tax

1 381

1 432

1 156

1 205

Living cost

324

Free-cash

1 057

1 108

832

881

Estimated living cost is $324 per week

$219

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

$31

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.

$68

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Istanbul , Turkey

$1361

$1319

$1314

$1359

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

2 150

pensions

health

income

737

total

766

Employee

2 131

pensions

unemployment

income

736

health

total

749

Employer

2 131

pensions

unemployment

health

total

Corporate

2 107

2 150

income

464

473

total

464

473

Dividends

1 644

1 677

withholding

329

335

total

329

335

Income

2 150

Total tax

813

808

768

766

After tax

1 337

1 342

1 382

1 384

Living cost

Free-cash

1 314

1 319

1 359

1 361

Estimated living cost is $23 per week

$14

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

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.

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details

Belgrade , Serbia

$1129

$1350

$1292

$1128

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

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

2 150

pensions

226

health

unemployment

income

488

total

817

Employee

The minimum tax base for social security contributions are defined by the Law on Mandatory Social Insurance Contributions and is fixed at 35% of an average monthly salary published in Serbia. The maximum tax base for social security contributions is capped at five times the average monthly salary published by the official statistics in Serbia at the moment of salary payment.

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

307

1 994

pensions

122

unemployment

income

488

health

total

103

662

Employer

The minimum monthly earnings used to calculate the contributions are 35% of the national average gross wage for the previous three months.

The maximum monthly earnings used to calculate the contributions are five times the national average gross wage in the previous month.

307

1 994

pensions

104

unemployment

health

total

156

Corporate

1 788

2 150

income

268

322

total

268

322

Dividends

1 520

1 828

withholding

228

274

total

228

274

Income

2 150

Total tax

654

596

818

817

After tax

1 496

1 554

1 332

1 333

Living cost

204

Free-cash

1 292

1 350

1 128

1 129

Estimated living cost is $204 per week

$137

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

$16

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.

$45

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Porto , Portugal

$829

$905

$901

$665

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

Based on articles 30.º, 31.º and 151.º of CIRS, sole-trader can use 75% of income as a tax base when earnings are below €200,000 per annum.

2 150

surtax

social contributions

Social contributions in Portugal are calculated from the total income before any reductions apply.

747

income

256

total

1 003

Employee

457

1 737

social contributions

191

surtax

income

563

total

139

754

Employer

457

1 737

social contributions

109

413

total

109

413

Corporate

1 584

2 150

income

333

451

surtax

total

333

451

Dividends

1 252

1 699

withholding

350

476

total

350

476

Income

2 150

Total tax

931

927

1 167

1 003

After tax

1 219

1 223

983

1 147

Living cost

318

Free-cash

901

905

665

829

Estimated living cost is $318 per week

$225

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

$22

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.

$65

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Madrid , Spain

$791

$1018

$940

$742

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

2 150

pensions

309

other

unemployment

accident

income

617

total

945

Employee

569

1 802

pensions

other

unemployment

income

119

576

total

156

645

Employer

569

1 802

pensions

134

258

other

unemployment

accident

total

181

349

Corporate

1 400

2 150

income

210

323

total

210

323

Dividends

1 190

1 827

withholding

249

395

total

249

395

Income

2 150

Total tax

796

718

994

945

After tax

1 354

1 432

1 156

1 205

Living cost

414

Free-cash

940

1 018

742

791

Estimated living cost is $414 per week

$297

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

$32

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.

$79

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Sofia , Bulgaria

$1515

$1635

$1562

$1600

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

2 150

pensions

Individual pension and social contributions account is optional for those who entered the labor force after 31 December, 2014.

health

unemployment

income

322

total

432

Employee

268

2 069

accident

We are using the highest rate at 1.1%.

pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

income

207

health

total

267

Employer

268

2 069

pensions

19.8% for people born before 1 January, 1960; and 14.8% for those born after 31 December, 1959.

unemployment

accident

We are using the highest rate at 1.1%.

health

total

Corporate

1 829

2 150

income

183

215

total

183

215

Dividends

1 646

1 935

withholding

total

Income

2 150

Total tax

385

312

347

432

After tax

1 765

1 838

1 803

1 718

Living cost

203

Free-cash

1 562

1 635

1 600

1 515

Estimated living cost is $203 per week

$134

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

$12

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.

$52

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Berlin , Germany

$675

$650

$806

$905

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

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

2 150

trade

230

health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

673

total

1 020

Employee

Pension contribution is not mandatory for self-employed except for writers, artists and musicians who should pay standard rates to Künstlersozialkasse.

586

2 150

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

income

Personal income is calculated on a progressive scale(from 14% to 42%), and is fixed at 45%. The tax percentage is unique and will depend on your income.

673

health

Our model is based on the assumption that an owner of the company is either a director or registered self-employed, so all social security contributions are not mandatory.

However, you would need to purchase private health insurance. We took an average price of €3600 per annum per person.

total

131

790

Employer

total

Corporate

1 564

2 150

trade

224

309

income

235

323

chamber of commerce

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

total

476

655

Dividends

1 088

1 496

withholding

267

370

surtax

Solidarity surcharge is an additional fee on income tax, capital gains tax and corporate tax. It is justified by the cost of German reunification.

total

282

390

Income

2 150

Total tax

889

1 045

790

1 020

After tax

1 261

1 105

1 360

1 130

Living cost

455

Free-cash

806

650

905

675

Estimated living cost is $455 per week

$314

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

$49

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.

$86

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Dublin , Ireland

$454

$834

$859

$454

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

2 150

social contributions

360

income

665

total

1 025

Employee

921

2 150

social contributions

360

income

174

665

total

251

1 025

Employer

921

2 150

total

Corporate

1 229

2 150

income

154

269

total

154

269

Dividends

1 075

1 881

withholding

215

376

total

215

376

Income

2 150

Total tax

620

645

1 025

After tax

1 530

1 505

1 125

Living cost

671

Free-cash

859

834

454

Estimated living cost is $671 per week

$511

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

$55

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.

$99

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

To obtain permanent residence for non EEA/Swiss nationals, it is required to invest a huge amount - at least €1 million aggregate investment into a new or an existing Irish business, for a minimum of three years.

Sliema , Malta

$1315

$908

$949

$1096

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

We use The Residence Programme or The Global Residence Programme.

2 150

health

This is an average price for a private worldwide health insurance. The price will vary depending on your age and health condition.

income

335

total

407

Employee

540

2 096

social contributions

income

518

total

113

572

Employer

540

2 096

social contributions

total

Corporate

1 555

2 150

income

544

752

total

544

752

Dividends

1 011

1 398

social contributions

total

Income

2 150

Total tax

773

814

626

407

After tax

1 377

1 336

1 524

1 743

Living cost

428

Free-cash

949

908

1 096

1 315

Estimated living cost is $428 per week

$282

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

$34

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.

$106

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Edinburgh , United Kingdom

$985

$963

$1033

$790

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

2 150

pensions

107

income

625

total

732

Employee

594

1 877

pensions

131

income

108

496

health

total

161

654

Employer

594

1 877

pensions

237

health

total

273

Corporate

1 485

2 150

income

282

409

total

282

409

Dividends

1 203

1 741

withholding

170

345

total

170

345

Income

2 150

Total tax

684

754

927

732

After tax

1 466

1 396

1 223

1 418

Living cost

433

Free-cash

1 033

963

790

985

Estimated living cost is $433 per week

$297

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

$40

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.

$91

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details

Additional information

Warsaw , Poland

$1185

-$111

$132

$885

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

2 150

pensions

health

other

accident

income

597

total

680

Employee

448

1 938

pensions

income

456

health

222

total

162

769

Employer

448

1 938

pensions

132

unemployment

accident

total

211

Corporate

1 610

2 150

income

1 449

1 935

total

1 449

1 935

Dividends

161

215

withholding

total

Income

2 150

Total tax

1 733

1 976

980

680

After tax

417

174

1 170

1 470

Living cost

285

Free-cash

132

-111

885

1 185

Estimated living cost is $285 per week

$209

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

$17

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.

$53

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

Additional information

Skopje , Macedonia

$1118

$1650

$1596

$1376

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

Sole-trader should pay social contributions from a minimum of 50% of an average salary to a maximum of twelve average salaries. The minimum personal income for the first year should be at least 50% of an average salary.

2 150

pensions

346

health insurance

139

work injury

unemployment

income

356

total

873

Employee

Minimal social contribution is 50% of an average salary to a maximum of six average salaries.

254

2 150

pensions

173

health insurance

unemployment

income

356

work injury

total

615

Employer

total

Corporate

1 896

2 150

income

Macedonia has a simplified tax regime. Before 3,000,000 MKD per annum you will be taxed at 0%, and before 6,000,000 MKD it is 1%.

total

Dividends

1 877

2 128

withholding

281

319

total

281

319

Income

2 150

Total tax

395

341

615

873

After tax

1 755

1 809

1 535

1 277

Living cost

159

Free-cash

1 596

1 650

1 376

1 118

Estimated living cost is $159 per week

$99

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

$12

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.

$44

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

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Rome , Italy

$529

$663

$609

$434

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

2 150

municipal

regional

social contributions

553

national

536

total

1 152

Employee

993

2 150

social contributions

335

725

municipal

regional

national

168

465

total

524

1 247

Employer

993

2 150

total

Corporate

1 157

2 150

nationa

278

516

municipal

104

total

334

620

Dividends

824

1 530

withholding

214

398

total

214

398

Income

2 150

Total tax

1 072

1 018

1 247

1 152

After tax

1 078

1 132

903

998

Living cost

469

Free-cash

609

663

434

529

Estimated living cost is $469 per week

$330

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

$32

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.

$100

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

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

[[ row[2] ]] ^{[[ row[0] ]]}

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ source.content ]] ([[ source.language ]])
Last time retrieved: [[ source.date ]]

[[ row[2] ]] ^{[[ row[0] ]]}

Estimated living cost

Adjust living cost [[ detailsButtonText ]] Source

Additional information

Source

[[ source.content ]] ([[ source.language ]])
Last time retrieved: [[ source.date ]]

My average income is &#36; 2150 per week

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Your estimated [[ filt ]] in[[ place.name ]], [[ place.country ]]

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

average income is
$ 2150

per

Your estimated [[ filt ]] in
[[ place.name ]], [[ place.country ]]