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
$ 16950

per

Your estimated

Best value All models

City

free-cash

Reykjavik , Iceland

-$75929

-$42891

-$41657

-$41790

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

16 950

national

1 857

pensions

2 034

social contributions

182

municipal

1 199

total

5 272

Employee

85 152

14 653

pensions

3 406

586

municipal

11 091

1 264

national

17 187

1 959

total

31 684

3 809

Employer

85 152

14 653

social contributions

915

158

pensions

6 812

1 172

total

7 727

1 330

Corporate

16 950

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%.

3 390

total

3 390

Dividends

13 560

withholding

2 983

total

2 983

Income

16 950

Total tax

39 411

6 373

5 139

5 272

After tax

-22 461

10 577

11 811

11 678

Living cost

53 468

Free-cash

-75 929

-42 891

-41 657

-41 790

Estimated living cost is $53468 per year

$33208

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

$5880

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

$947

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.

$13433

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.

I'm drinking at home rarely or never.

I do not smoke or smoke very rarely.

Adjust living cost Show details Source

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.