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
₴ 491000

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-₴3361858

-₴1911589

-₴1851009

-₴1854862

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

491 000

national

38 710

pensions

58 920

social contributions

5 278

municipal

24 981

total

127 889

Employee

3 532 302

424 465

pensions

141 292

16 979

municipal

460 089

26 882

national

712 948

41 655

total

1 314 329

85 516

Employer

3 532 302

424 465

social contributions

37 972

4 563

pensions

282 584

33 957

total

320 556

38 520

Corporate

491 000

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%.

98 200

total

98 200

Dividends

392 800

withholding

86 416

total

86 416

Income

491 000

Total tax

1 634 885

184 616

124 036

127 889

After tax

-1 143 885

306 384

366 964

363 111

Living cost

2 217 973

Free-cash

-3 361 858

-1 911 589

-1 851 009

-1 854 862

Estimated living cost is ₴2217973 per year

₴1377555

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

₴243898

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

₴39271

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.

₴557249

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.