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
$ 400
per

Your estimated
City
free-cash

Andorra , Andorra
-$58
-$57
-$47
-$10
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
-
-
-
400
social contributions
-
-
-
88
income
-
-
-
-
total
-
-
-
88
Employee
395
-
346
-
social contributions
26
-
23
-
income
-
-
-
-
total
26
-
23
-
Employer
395
-
346
-
social contributions
61
-
54
-
total
61
-
54
-
Corporate
-
400
-
-
income
-
40
-
-
total
-
40
-
-
Dividends
-
360
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
87
40
77
88
After tax
313
360
323
312
Living cost
370
370
370
370
Free-cash
-57
-10
-47
-58

Estimated living cost  is $370 per week

$239
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Andorra model

Close
Graz , Austria
-$174
-$303
-$257
-$271
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
-
-
-
400
surtax
-
-
-
-
unemployment
-
-
-
75
health
-
-
-
31
chamber of commerce
-
-
-
2
pensions
-
-
-
74
income
-
-
-
-
total
-
-
-
182
Employee
538
490
490
-
unemployment
16
15
9
-
other
5
5
3
-
income
48
36
46
-
pensions
55
50
31
-
health
21
19
12
-
total
145
125
101
-
Employer
538
490
490
-
pensions
67
62
38
-
surtax
-
-
-
-
payroll
16
15
15
-
other
26
23
22
-
health
20
19
11
-
accident
7
6
4
-
unemployment
16
15
9
-
chamber of commerce
2
2
2
-
total
154
142
101
-
Corporate
47
47
253
-
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.

12
12
63
-
total
12
12
63
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
311
279
265
182
After tax
89
121
135
218
Living cost
392
392
392
392
Free-cash
-303
-271
-257
-174

Estimated living cost  is $392 per week

$235
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.
$7
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Graz model

Close
Vienna , Austria
-$217
-$403
-$299
-$314
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
-
-
-
400
surtax
-
-
-
2
unemployment
-
-
-
75
health
-
-
-
31
chamber of commerce
-
-
-
2
pensions
-
-
-
74
income
-
-
-
-
total
-
-
-
184
Employee
615
490
490
-
unemployment
18
15
9
-
other
6
5
3
-
income
70
36
46
-
pensions
63
50
31
-
health
24
19
12
-
total
181
125
101
-
Employer
615
490
490
-
pensions
77
62
37
-
surtax
2
2
2
-
payroll
18
15
15
-
other
29
23
22
-
health
23
19
11
-
accident
8
6
4
-
unemployment
18
15
9
-
chamber of commerce
2
2
2
-
total
177
144
102
-
Corporate
47
47
251
-
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.

12
12
63
-
total
12
12
63
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
370
281
266
184
After tax
30
119
134
216
Living cost
433
433
433
433
Free-cash
-403
-314
-299
-217

Estimated living cost  is $433 per week

$289
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.
$7
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Vienna model

Close
Brussels , Belgium
-$196
-$735
-$262
-$221
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
-
-
-
400
national
-
-
-
107
communal

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

-
-
-
23
social contributions
-
-
-
18
total
-
-
-
148
Employee

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

880
-
310
-
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.

8
-
3
-
national
270
-
67
-
communal

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

46
-
16
-
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.

66
-
23
-
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.

41
-
15
-
total
431
-
124
-
Employer

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

880
-
310
-
surtax
100
-
35
-
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.

78
-
27
-
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.

54
-
19
-
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.

11
-
4
-
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.

13
-
5
-
total
256
-
90
-
Corporate
-
400
-
-
income
-
80
-
-
surtax
-
2
-
-
total
-
82
-
-
Dividends
-
318
-
-
withholding

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

-
91
-
-
total
-
91
-
-
Income
400
400
400
400
Total tax
687
173
214
148
After tax
-287
227
186
252
Living cost
448
448
448
448
Free-cash
-735
-221
-262
-196

Estimated living cost  is $448 per week

$289
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.
$7
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.
$113
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brussels model

Close
Sofia , Bulgaria
$21
$55
$41
$130
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
-
-
-
400
unemployment
-
-
-
2
health
-
-
-
46
pensions

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

-
-
-
59
income
-
-
-
60
total
-
-
-
167
Employee
280
-
334
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
income
28
-
33
-
pensions

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

25
-
29
-
health
13
-
15
-
total
69
-
81
-
Employer
280
-
334
-
pensions

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

31
-
37
-
health
19
-
23
-
accident

We are using the highest rate at 1.1%.

3
-
4
-
unemployment
2
-
2
-
total
55
-
66
-
Corporate
65
400
-
-
income
6
40
-
-
total
6
40
-
-
Dividends
58
360
-
-
withholding
3
18
-
-
total
3
18
-
-
Income
400
400
400
400
Total tax
133
58
147
167
After tax
267
342
253
233
Living cost
212
212
212
212
Free-cash
55
130
41
21

Estimated living cost  is $212 per week

$140
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.
$5
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.
$54
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Sofia model

Close
Varna , Bulgaria
$72
$124
$92
$181
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
-
-
-
400
unemployment
-
-
-
2
health
-
-
-
46
pensions

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

-
-
-
59
income
-
-
-
60
total
-
-
-
167
Employee
214
-
334
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
income
21
-
33
-
pensions

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

19
-
29
-
health
10
-
15
-
total
52
-
81
-
Employer
214
-
334
-
pensions

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

24
-
37
-
health
15
-
23
-
accident

We are using the highest rate at 1.1%.

2
-
4
-
unemployment
1
-
2
-
total
42
-
66
-
Corporate
145
400
-
-
income
14
40
-
-
total
14
40
-
-
Dividends
130
360
-
-
withholding
7
18
-
-
total
7
18
-
-
Income
400
400
400
400
Total tax
115
58
147
167
After tax
285
342
253
233
Living cost
161
161
161
161
Free-cash
124
181
92
72

Estimated living cost  is $161 per week

$94
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.
$4
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Varna model

Close
Larnaca , Cyprus
$30
-$75
-$63
-$163
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
-
-
-
468
health
-
-
-
12
social contributions
-
-
-
73
income
-
-
-
-
total
-
-
-
85
Employee
946
946
946
-
income
103
88
105
-
social contributions
36
78
30
-
health
7
16
6
-
total
146
182
141
-
Employer
946
946
946
-
social contributions
36
78
30
-
health
8
18
7
-
total
44
96
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
190
278
178
85
After tax
210
122
222
315
Living cost
285
285
285
285
Free-cash
-75
-163
-63
30

Estimated living cost  is $285 per week

$171
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$28
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
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.
$80
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Larnaca model

Close
Limassol , Cyprus
-$84
-$209
-$177
-$277
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
-
-
-
468
health
-
-
-
12
social contributions
-
-
-
73
income
-
-
-
-
total
-
-
-
85
Employee
946
946
946
-
income
99
88
105
-
social contributions
46
78
30
-
health
9
16
6
-
total
154
182
141
-
Employer
946
946
946
-
social contributions
46
78
30
-
health
10
18
7
-
total
56
96
37
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
210
278
178
85
After tax
190
122
222
315
Living cost
399
399
399
399
Free-cash
-209
-277
-177
-84

Estimated living cost  is $399 per week

$273
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.
$7
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Limassol model

Close
Brno , Czech Republic
-$89
-$159
-$81
-$9
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
-
-
-
400
health
-
-
-
54
social contributions
-
-
-
117
income
-
-
-
34
solidarity contribution
-
-
-
-
total
-
-
-
205
Employee
418
-
299
-
income
50
-
36
-
social contributions
27
-
19
-
health
56
-
40
-
solidarity contribution
-
-
-
-
total
133
-
95
-
Employer
418
-
299
-
social contributions
104
-
75
-
health
38
-
27
-
total
142
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
275
125
197
205
After tax
125
275
203
195
Living cost
284
284
284
284
Free-cash
-159
-9
-81
-89

Estimated living cost  is $284 per week

$197
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.
$6
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Brno model

Close
Prague , Czech Republic
-$155
-$290
-$147
-$75
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
-
-
-
400
health
-
-
-
54
social contributions
-
-
-
117
income
-
-
-
34
solidarity contribution
-
-
-
-
total
-
-
-
205
Employee
515
-
299
-
income
62
-
36
-
social contributions
33
-
19
-
health
70
-
40
-
solidarity contribution
-
-
-
-
total
165
-
95
-
Employer
515
-
299
-
social contributions
129
-
75
-
health
46
-
27
-
total
175
-
102
-
Corporate
-
400
-
-
income
-
76
-
-
total
-
76
-
-
Dividends
-
324
-
-
withholding
-
49
-
-
total
-
49
-
-
Income
400
400
400
400
Total tax
340
125
197
205
After tax
60
275
203
195
Living cost
350
350
350
350
Free-cash
-290
-75
-147
-155

Estimated living cost  is $350 per week

$260
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$19
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
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.
$64
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Prague model

Close
Copenhagen , Denmark
-$315
-$2288
-$2288
-$2288
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
-
-
-
400
national
-
-
-
30
pensions
-
-
-
11
municipal
-
-
-
49
labour market
-
-
-
31
total
-
-
-
121
Employee
2 508
2 508
2 508
-
municipal
534
534
534
-
national
306
306
306
-
pensions
4
4
4
-
labour market
200
200
200
-
total
1 044
1 044
1 044
-
Employer
2 508
2 508
2 508
-
pensions
7
7
7
-
labour market
201
201
201
-
municipal
535
535
535
-
national
307
307
307
-
total
1 050
1 050
1 050
-
Corporate
-
-
-
-
income
-
-
-
-
total
-
-
-
-
Dividends
-
-
-
-
withholding
-
-
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
2 094
2 094
2 094
121
After tax
-1 694
-1 694
-1 694
279
Living cost
594
594
594
594
Free-cash
-2 288
-2 288
-2 288
-315

Estimated living cost  is $594 per week

$407
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$53
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$9
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Copenhagen model

Close
Tallinn , Estonia
-$55
-$67
-$39
$23
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
-
-
-
400
health
-
-
-
52
pensions
-
-
-
80
income
-
-
-
26
total
-
-
-
158
Employee
349
-
299
-
unemployment
6
-
5
-
income
39
-
30
-
pensions
7
-
6
-
total
52
-
41
-
Employer
349
-
299
-
pensions
70
-
60
-
health
45
-
39
-
unemployment
3
-
2
-
total
118
-
101
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends
-
320
-
-
total
-
-
-
-
Income
400
400
400
400
Total tax
170
80
142
158
After tax
230
320
258
242
Living cost
297
297
297
297
Free-cash
-67
23
-39
-55

Estimated living cost  is $297 per week

$204
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.
$6
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.
$70
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Tallinn model

Close
Helsinki , Finland
-$145
-$370
-$219
-$195
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

-
-
-
400
national
-
-
-
-
health
-
-
-
1
municipal
-
-
-
72
total
-
-
-
73
Employee
647
-
337
-
unemployment
10
-
5
-
municipal
106
-
56
-
national
11
-
-
-
pensions
44
-
23
-
health
5
-
-
-
total
176
-
84
-
Employer
647
-
337
-
pensions
112
-
58
-
health
5
-
3
-
accident
1
-
-
-
unemployment
4
-
2
-
total
122
-
63
-
Corporate
-
400
-
-
income
-
80
-
-
total
-
80
-
-
Dividends

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

-
240
-
-
municipal
-
43
-
-
national
-
-
-
-
total
-
43
-
-
Income
400
400
400
400
Total tax
298
123
147
73
After tax
102
277
253
327
Living cost
472
472
472
472
Free-cash
-370
-195
-219
-145

Estimated living cost  is $472 per week

$308
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$8
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.
$111
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Helsinki model

Close
Marseille , France
-$132
-$215
-$121
-$178
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
-
-
-
400
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
124
social contributions
-
-
-
11
income
-
-
-
3
other
-
-
-
12
total
-
-
-
153
Employee
470
-
305
-
income
24
-
4
-
surtax
-
-
-
-
social contributions
13
-
9
-
pensions
53
-
34
-
total
90
-
47
-
Employer
470
-
305
-
pensions
77
-
50
-
social contributions
1
-
1
-
other
16
-
11
-
health
33
-
21
-
unemployment
19
-
12
-
total
146
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
236
199
142
153
After tax
164
201
258
247
Living cost
379
379
379
379
Free-cash
-215
-178
-121
-132

Estimated living cost  is $379 per week

$220
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.
$7
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Marseille model

Close
Nice , France
-$174
-$291
-$163
-$220
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
-
-
-
400
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
124
social contributions
-
-
-
11
income
-
-
-
3
other
-
-
-
12
total
-
-
-
153
Employee
526
-
305
-
income
31
-
4
-
surtax
-
-
-
-
social contributions
15
-
9
-
pensions
60
-
34
-
total
106
-
47
-
Employer
526
-
305
-
pensions
86
-
50
-
social contributions
2
-
1
-
other
18
-
11
-
health
37
-
21
-
unemployment
21
-
12
-
total
164
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
270
199
142
153
After tax
130
201
258
247
Living cost
421
421
421
421
Free-cash
-291
-220
-163
-174

Estimated living cost  is $421 per week

$265
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.
$7
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Nice model

Close
Paris , France
-$347
-$611
-$336
-$393
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
-
-
-
400
surtax
-
-
-
-
health
-
-
-
3
pensions
-
-
-
124
social contributions
-
-
-
11
income
-
-
-
3
other
-
-
-
12
total
-
-
-
153
Employee
770
-
305
-
income
67
-
4
-
surtax
-
-
-
-
social contributions
22
-
9
-
pensions
87
-
34
-
total
176
-
47
-
Employer
770
-
305
-
pensions
127
-
50
-
social contributions
2
-
1
-
other
27
-
11
-
health
54
-
21
-
unemployment
31
-
12
-
total
241
-
95
-
Corporate
-
400
-
-
income
-
112
-
-
surtax
-
-
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
37
-
-
social contributions
-
50
-
-
surtax
-
-
-
-
total
-
87
-
-
Income
400
400
400
400
Total tax
417
199
142
153
After tax
-17
201
258
247
Living cost
594
594
594
594
Free-cash
-611
-393
-336
-347

Estimated living cost  is $594 per week

$402
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.
$8
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.
$135
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Paris model

Close
Batumi , Georgia
$317
$286
$241
$301
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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
99
-
400
-
income
20
-
80
-
total
20
-
80
-
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%.

301
400
-
-
total
-
-
-
-
Dividends
301
400
-
-
withholding
15
20
-
-
total
15
20
-
-
Income
400
400
400
400
Total tax
35
20
80
4
After tax
365
380
320
396
Living cost
79
79
79
79
Free-cash
286
301
241
317

Estimated living cost  is $79 per week

$49
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$7
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$2
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.
$21
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Batumi model

Close
Tbilisi , Georgia
$273
$234
$197
$257
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%.

-
-
-
400
microenterprise

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

-
-
-
4
total
-
-
-
4
Employee
154
-
400
-
income
31
-
80
-
total
31
-
80
-
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%.

246
400
-
-
total
-
-
-
-
Dividends
246
400
-
-
withholding
12
20
-
-
total
12
20
-
-
Income
400
400
400
400
Total tax
43
20
80
4
After tax
357
380
320
396
Living cost
123
123
123
123
Free-cash
234
257
197
273

Estimated living cost  is $123 per week

$83
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$5
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$4
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.
$31
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Tbilisi model

Close
Berlin , Germany
-$179
-$212
-$179
-$266
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.

-
-
-
400
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.

-
-
-
1
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.

-
-
-
84
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.

-
-
-
19
trade
-
-
-
-
total
-
-
-
104
Employee

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

612
-
400
-
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.

50
-
19
-
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.

3
-
1
-
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.

84
-
84
-
total
137
-
104
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
57
-
-
income
-
60
-
-
chamber of commerce
-
2
-
-
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.

-
3
-
-
total
-
122
-
-
Dividends
-
277
-
-
withholding
-
65
-
-
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.

-
4
-
-
total
-
69
-
-
Income
400
400
400
400
Total tax
137
191
104
104
After tax
263
209
296
296
Living cost
475
475
475
475
Free-cash
-212
-266
-179
-179

Estimated living cost  is $475 per week

$328
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.
$7
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.
$89
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Berlin model

Close
Dresden , Germany
-$77
-$71
-$77
-$167
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.

-
-
-
400
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.

-
-
-
1
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.

-
-
-
84
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.

-
-
-
19
trade
-
-
-
-
total
-
-
-
104
Employee

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

470
-
400
-
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.

13
-
19
-
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.

1
-
1
-
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.

84
-
84
-
total
98
-
104
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
63
-
-
income
-
60
-
-
chamber of commerce
-
2
-
-
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.

-
3
-
-
total
-
128
-
-
Dividends
-
271
-
-
withholding
-
63
-
-
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.

-
3
-
-
total
-
66
-
-
Income
400
400
400
400
Total tax
98
194
104
104
After tax
302
206
296
296
Living cost
373
373
373
373
Free-cash
-71
-167
-77
-77

Estimated living cost  is $373 per week

$234
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.
$7
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Dresden model

Close
Hamburg , Germany
-$187
-$224
-$187
-$279
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.

-
-
-
400
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.

-
-
-
1
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.

-
-
-
84
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.

-
-
-
19
trade
-
-
-
-
total
-
-
-
104
Employee

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

624
-
400
-
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.

54
-
19
-
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.

3
-
1
-
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.

84
-
84
-
total
141
-
104
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
66
-
-
income
-
60
-
-
chamber of commerce
-
2
-
-
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.

-
3
-
-
total
-
131
-
-
Dividends
-
268
-
-
withholding
-
62
-
-
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.

-
3
-
-
total
-
65
-
-
Income
400
400
400
400
Total tax
141
196
104
104
After tax
259
204
296
296
Living cost
483
483
483
483
Free-cash
-224
-279
-187
-187

Estimated living cost  is $483 per week

$323
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.
$7
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.
$102
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Hamburg model

Close
Munich , Germany
-$267
-$339
-$267
-$362
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.

-
-
-
400
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.

-
-
-
1
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.

-
-
-
84
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.

-
-
-
19
trade
-
-
-
-
total
-
-
-
104
Employee

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

739
-
400
-
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.

87
-
19
-
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.

5
-
1
-
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.

84
-
84
-
total
176
-
104
-
Employer
-
-
-
-
total
-
-
-
-
Corporate
-
400
-
-
trade
-
69
-
-
income
-
60
-
-
chamber of commerce
-
2
-
-
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.

-
3
-
-
total
-
134
-
-
Dividends
-
266
-
-
withholding
-
62
-
-
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.

-
3
-
-
total
-
65
-
-
Income
400
400
400
400
Total tax
176
199
104
104
After tax
224
201
296
296
Living cost
563
563
563
563
Free-cash
-339
-362
-267
-267

Estimated living cost  is $563 per week

$412
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$45
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Munich model

Close
Athens , Greece
-$45
-$101
-$53
-$24
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
-
-
-
400
surtax
-
-
-
-
unemployment
-
-
-
3
health
-
-
-
28
pensions
-
-
-
80
income
-
-
-
58
other
-
-
-
-
total
-
-
-
169
Employee
414
-
330
-
unemployment
29
-
23
-
other
-
-
-
-
income
69
-
55
-
surtax
1
-
-
-
pensions
28
-
22
-
health
11
-
8
-
total
138
-
108
-
Employer
414
-
330
-
pensions
55
-
44
-
other
-
-
-
-
health
19
-
15
-
unemployment
13
-
10
-
total
87
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
225
148
177
169
After tax
175
252
223
231
Living cost
276
276
276
276
Free-cash
-101
-24
-53
-45

Estimated living cost  is $276 per week

$167
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.
$6
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Athens model

Close
Thessaloniki , Greece
-$40
-$91
-$48
-$19
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
-
-
-
400
surtax
-
-
-
-
unemployment
-
-
-
3
health
-
-
-
28
pensions
-
-
-
80
income
-
-
-
58
other
-
-
-
-
total
-
-
-
169
Employee
407
-
330
-
unemployment
28
-
23
-
other
-
-
-
-
income
68
-
55
-
surtax
1
-
-
-
pensions
27
-
22
-
health
10
-
8
-
total
134
-
108
-
Employer
407
-
330
-
pensions
54
-
44
-
other
-
-
-
-
health
19
-
15
-
unemployment
13
-
10
-
total
86
-
69
-
Corporate
-
400
-
-
income
-
104
-
-
total
-
104
-
-
Dividends
-
296
-
-
withholding
-
44
-
-
total
-
44
-
-
Income
400
400
400
400
Total tax
220
148
177
169
After tax
180
252
223
231
Living cost
271
271
271
271
Free-cash
-91
-19
-48
-40

Estimated living cost  is $271 per week

$166
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$25
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$6
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.
$74
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details

Source of data for Thessaloniki model

Close
Budapest , Hungary
$31
-$23
-$13
-$17
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
-
-
-
400
unemployment
-
-
-
6
health
-
-
-
28
pensions
-
-
-
40
income
-
-
-
49
total
-
-
-
123
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.

355
141
335
-
unemployment
5
2
5
-
income
43
17
41
-
pensions
35
14
33
-
health
25
10
23
-
total
108
43
102
-
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.

355
141
335
-
pensions
69
28
65
-
total
69
28
65
-
Corporate
-
231
-
-
income
-
21
-
-
total
-
21
-
-
Dividends
-
211
-
-
withholding
-
40
-
-
social contributions
-
39
-
-
total
-
79
-
-
Income
400
400
400
400
Total tax
177
171
167
123
After tax
223
229
233
277
Living cost
246
246
246
246
Free-cash
-23
-17
-13
31

Estimated living cost  is $246 per week

$168
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.
$5
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Budapest model

Close
Reykjavik , Iceland
-$329
-$607
-$327
-$345
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
-
-
-
400
national
-
-
-
50
pensions
-
-
-
48
social contributions
-
-
-
4
municipal
-
-
-
32
total
-
-
-
134
Employee
923
-
346
-
municipal
114
-
34
-
national
177
-
52
-
pensions
37
-
14
-
total
328
-
100
-
Employer
923
-
346
-
pensions
74
-
28
-
social contributions
10
-
4
-
total
84
-
32
-
Corporate
-
400
-
-
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%.

-
80
-
-
total
-
80
-
-
Dividends
-
320
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
412
150
132
134
After tax
-12
250
268
266
Living cost
595
595
595
595
Free-cash
-607
-345
-327
-329

Estimated living cost  is $595 per week

$405
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.
$9
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

It is very difficult to get a residence permit on a basis of self-employment for a Third Country National (non-EU/EFTA/Swiss and without a long-term EU resident permit). EU/EFTA nationals and long-term EU resident permit holders can register self-employed and apply for a permanent residence.

Source of data for Reykjavik model

Close
Dublin , Ireland
-$356
-$563
-$356
-$421
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
-
-
-
400
social contributions
-
-
-
14
income
-
-
-
41
total
-
-
-
55
Employee
962
-
400
-
social contributions
80
-
14
-
income
182
-
41
-
total
262
-
55
-
Employer
962
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
income
-
50
-
-
total
-
50
-
-
Dividends
-
350
-
-
withholding
-
70
-
-
total
-
70
-
-
Income
400
400
400
400
Total tax
262
120
55
55
After tax
138
280
345
345
Living cost
701
701
701
701
Free-cash
-563
-421
-356
-356

Estimated living cost  is $701 per week

$533
Rent. One bedroom at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
$57
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
$7
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.
$104
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Additional information

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.

Source of data for Dublin model

Close
Milan , Italy
-$296
-$693
-$320
-$306
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
-
-
-
400
national
-
-
-
68
regional
-
-
-
4
social contributions
-
-
-
103
municipal
-
-
-
2
total
-
-
-
177
Employee
1 093
-
400
-
municipal
6
-
2
-
national
189
-
61
-
social contributions
369
-
135
-
regional
10
-
3
-
total
574
-
201
-
Employer
1 093
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
16
-
-
total
-
112
-
-
Dividends
-
288
-
-
withholding
-
75
-
-
total
-
75
-
-
Income
400
400
400
400
Total tax
574
187
201
177
After tax
-174
213
199
223
Living cost
519
519
519
519
Free-cash
-693
-306
-320
-296

Estimated living cost  is $519 per week

$362
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.
$8
Clothing and shoes. We estimate one pair of shoes and trainers, and several items of clothing each year, or slightly more often if you choose cheaper mass market stores. Twice as often for kids.
$115
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Milan model

Close
Naples , Italy
-$110
-$282
-$134
-$121
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
-
-
-
400
national
-
-
-
68
regional
-
-
-
6
social contributions
-
-
-
103
municipal
-
-
-
2
total
-
-
-
179
Employee
682
-
400
-
municipal
4
-
2
-
national
108
-
61
-
social contributions
230
-
135
-
regional
9
-
5
-
total
351
-
203
-
Employer
682
-
400
-
total
-
-
-
-
Corporate
-
400
-
-
nationa
-
96
-
-
municipal
-
20
-
-
total
-
116
-
-
Dividends
-
284
-
-
withholding
-
74
-
-
total
-
74
-
-
Income
400
400
400
400
Total tax
351
190
203
179
After tax
49
210
197
221
Living cost
331
331
331
331
Free-cash
-282
-121
-134
-110

Estimated living cost  is $331 per week

$206
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.
$6
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
Food and entertainment. We estimate that you will have breakfast at a cafe once a week, evening meal at a restaurant once a week, and visit bars once a week for drinks.Other days you prepare meals at home.
$0
I'm drinking at home rarely or never.
$0
I do not smoke or smoke very rarely.
 Adjust living cost Show details Source

Source of data for Naples model