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
₽ 238500
per

Your estimated
City
free-cash

Riga , Latvia
₽83242
₽27259
₽30308
₽39485
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.

-
-
-
190 800
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.

-
-
-
17 160
microenterprise
-
-
-
35 773
income
-
-
-
-
surtax
-
-
-
-
total
-
-
-
52 933
Employee
152 424
-
192 197
-
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.

16 767
-
21 142
-
surtax
-
-
-
-
income
28 097
-
36 237
-
total
44 864
-
57 379
-
Employer
152 424
-
192 197
-
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.

36 719
-
46 303
-
surtax
-
-
-
-
total
36 719
-
46 303
-
Corporate
49 357
238 500
-
-
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%.

9 873
47 699
-
-
total
9 873
47 699
-
-
Dividends

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

39 484
190 801
-
-
total
-
-
-
-
Income
238 500
238 500
238 500
238 500
Total tax
91 456
47 699
103 682
52 933
After tax
147 044
190 801
134 818
137 867
Living cost
107 559
107 559
107 559
107 559
Free-cash
39 485
83 242
27 259
30 308

Estimated living cost  is ₽107559 per month

₽66509
Rent. Two to three bedrooms at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.
₽10799
Public transport and taxi. Monthly travel card, and a few taxi rides per week.
₽2570
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.
₽27679
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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