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
$ 2200

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

$826

$817

$723

$735

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

2 200

municipal

243

pensions

264

national

399

social contributions

total

930

Employee

848

1 902

municipal

105

252

pensions

national

162

418

total

301

746

Employer

848

1 902

social contributions

pensions

152

total

172

Corporate

1 219

2 200

income

Corporate income tax will depend on a type of legal entity. For LLC and Limited Partnership it is set at 20%. All other entities pay 37.6%.

244

440

total

244

440

Dividends

975

1 760

withholding

214

387

total

214

387

Income

2 200

Total tax

836

827

918

930

After tax

1 364

1 373

1 282

1 270

Living cost

547

Free-cash

817

826

735

723

Estimated living cost is $547 per week

$372

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

$51

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

Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.

$116

Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

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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.