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
₽ 103000
per

Your estimated
City
free-cash

Riga , Latvia
-₽95510
-₽118806
-₽104552
-₽209858
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.

-
-
-
103 000
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.

-
-
-
14 192
microenterprise
-
-
-
15 449
income
-
-
-
-
surtax
-
-
-
-
total
-
-
-
29 641
Employee
252 122
-
83 000
-
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.

27 734
-
9 128
-
surtax
-
-
-
-
income
46 475
-
14 774
-
total
74 209
-
23 902
-
Employer
252 122
-
83 000
-
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.

60 737
-
19 992
-
surtax
-
-
-
-
total
60 737
-
19 992
-
Corporate
-
103 000
-
-
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%.

-
20 599
-
-
total
-
20 599
-
-
Dividends

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

-
82 401
-
-
total
-
-
-
-
Income
103 000
103 000
103 000
103 000
Total tax
134 946
20 599
43 894
29 641
After tax
-31 946
82 401
59 106
73 359
Living cost
177 912
177 912
177 912
177 912
Free-cash
-209 858
-95 510
-118 806
-104 552

Estimated living cost  is ₽177912 per month

₽110011
Rent. Two to three bedrooms at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽17862
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽4252
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.
₽45784
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.
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