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

-₴576020

-₴1160220

-₴540383

-₴596725

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

pensions

316 620

municipal

275 901

social contributions

28 364

national

427 533

total

1 048 418

Employee

3 482 668

2 280 959

national

702 930

443 361

municipal

453 624

286 116

pensions

139 307

91 238

total

1 295 861

820 715

Employer

3 482 668

2 280 959

pensions

278 613

182 477

social contributions

37 439

24 521

total

316 052

206 998

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

1 611 913

992 076

1 027 713

1 048 418

After tax

1 026 587

1 646 424

1 610 787

1 590 082

Living cost

2 186 807

Free-cash

-1 160 220

-540 383

-576 020

-596 725

Estimated living cost is ₴2186807 per year

₴1358198

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

₴240471

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

₴38719

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.

₴549419

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.