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
₽ 209500
per

Your estimated
City
free-cash

Riga , Latvia
₽59611
₽10823
₽10956
₽15678
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.

-
-
-
167 600
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.

-
-
-
17 228
microenterprise
-
-
-
31 425
income
-
-
-
-
surtax
-
-
-
-
total
-
-
-
48 653
Employee
153 036
-
168 827
-
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.

16 834
-
18 568
-
surtax
-
-
-
-
income
28 210
-
31 445
-
total
45 044
-
50 013
-
Employer
153 036
-
168 827
-
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.

36 867
-
40 673
-
surtax
-
-
-
-
total
36 867
-
40 673
-
Corporate
19 597
209 500
-
-
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%.

3 920
41 898
-
-
total
3 920
41 898
-
-
Dividends

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

15 677
167 602
-
-
total
-
-
-
-
Income
209 500
209 500
209 500
209 500
Total tax
85 831
41 898
90 686
48 653
After tax
123 669
167 602
118 814
118 947
Living cost
107 991
107 991
107 991
107 991
Free-cash
15 678
59 611
10 823
10 956

Estimated living cost  is ₽107991 per month

₽66776
Rent. Two to three bedrooms at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽10842
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽2581
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.
₽27790
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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