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
₴ 2638500

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₴641151

-₴673047

-₴693754

-₴1335265

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

2 638 500

social contributions

28 364

municipal

274 435

national

425 260

pensions

316 620

total

1 044 679

Employee

3 643 149

2 280 960

municipal

474 527

284 649

pensions

145 726

91 238

national

735 321

441 088

total

1 355 574

816 975

Employer

3 643 149

2 280 960

pensions

291 452

182 477

social contributions

39 164

24 520

total

330 616

206 997

Corporate

2 638 500

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%.

527 700

total

527 700

Dividends

2 110 800

withholding

464 376

total

464 376

Income

2 638 500

Total tax

1 686 190

992 076

1 023 972

1 044 679

After tax

952 310

1 646 424

1 614 528

1 593 821

Living cost

2 287 575

Free-cash

-1 335 265

-641 151

-673 047

-693 754

Estimated living cost is ₴2287575 per year

₴1420784

Rent. Two to three bedrooms at downtown or an upmarket area with basic utilities which include internet connection and a mobile phone.

₴251552

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

₴40503

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.

₴574736

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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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.