Your budget, abroad
Salary in Las Palmas vs Reykjavik
Estimate the income you need to keep your standard of living.
Frequently Asked Questions
To maintain your current standard of living, your salary in Reykjavik must adjust based on relative local purchasing power. Onbuju's calculator determines the exact equivalent salary using actual cost of living indices (including rent, groceries, and services).
The calculator uses the cost of living index ratio between Reykjavik and Las Palmas to scale your current salary. For example, if Reykjavik's cost of living is 20% lower, a salary equivalent of 20% less will purchase the same basket of goods and services.
Tax systems differ significantly. In Las Palmas, the tax process is rated as: Spanish Beckham Law & IGIC Advantage (Qualifying remote workers benefit from Spain’s Beckham Law (24% flat tax rate for 6 years) plus Canarian IGIC reduced indirect tax (7%).). In Reykjavik, it is: Nordic Progressive Tax Scale (Iceland applies progressive income tax (31.48% to 46.28%); remote workers under the 180-day Remote Worker Visa stay tax-exempt locally.). Onbuju recommends evaluating net income after local social contributions and tax brackets.
