However, before moving to Sweden, its essential you know what to expect as a salary and what it can afford you. Although only about 22% of Canadians are French-speaking, the majority of French people Expatrist provides up-to-date helpful information for expats moving or living in Europe and beyond. What's a livable salary in Stockholm? | Expat Arrivals In most cases, a salary review is conducted once education is completed and the degree has been attained. A good salary in Sweden depends on whether youre a family or a single person. My questions are: what is the average rent cost for a bedroom only rent? As for the difficulty to find rentals i just wanted to link these statistics, you can play around under "omrde" to choose different areas. 'It's really hard to live here in Denmark without working' College professors must also have more than 10 years of experience under their belt. Would you like to see how prices increased over time? How to compare your salary. . Generally, a range of $2,942 $4,413 in net salary is pretty good for Stockholm. The third highest-paid professionals in Sweden are lawyers. It is also a great place for young families and has been one of Europe's most proactive countries in trying to find solutions to the recent refugee . A good salary to live comfortably in the UK vary greatly depending on where you live and what type of lifestyle you choose. Leases are indefinete - ie until you cancel them. Travel Economics for Expats and Travelers. 2. What is the average cost of living in Stockholm per month? How about if I rent a studio apartment? When you mean 3500-6000 SEK/mo fee on top of loan. Average rent range for an apartment in city of Stockholm. However, to give you a clearer picture of what you would take home as net income, its essential that you understand the Swedish tax system. Hi! Typically enterprises in different sectors and industries set these minimum wages collectively depending on an employees age, experience, skill, or seniority. Maybe you think you can own a car with the money you have left? PM me for other questions. Edit: I messed it up a bit, it is common that your employer pays in your income tax, the "jobbskatteavdrag" is added to your tax return. During 2 weeks I spent in Stockholm, I personally liked Norrmalm because it felt quieter district, more affordable, and close enough to lot of things. Galma Stan was beautiful and very touristy. Additional pay could include cash bonus, commission, tips, and profit sharing. All I would say is one should choose not only a job, certainly not only based on salary and "government freebees".why are people complaining about the people originating and living in the country you want to move to? address: The You also have to add 31,42 % Social fees that the employer pays on your salary. Its easier to find a cheap alternative for a person knowing the city well. The average cost to rent a one-bedroom apartment in the city center is $1,382 per month and $1,042 outside the city center. Minimum salaries are generally negotiated through workers unions. I mean they may seem to be high, but here the range of salaries is quite narrow. I just thought I would give you some info on how the tax system works: Det r ingen statlig inkomstskatt p beskattningsbar frvrvsinkomst upp till 430 200 kr. You can't really expect any salary increases during the study period, assuming you already have a job. Here are the current income taxes in the country (2022): That means higher-income individuals get taxed over 50%. Sweden is known for its high living standards and organized society. Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines. It is followed by Gothenburg and Uppsala. Example:A graphic designer in the marketing department of a hospital. Nonetheless, Italy is the second largest manufacturing country in Europe. In 2020, the median income was 345,810 SEK annually across all genders or 28,817 SEK monthly. If your salary is higher than both of the average and the median then you are doing very well. You will experience a substantially lower income compared to other families if you have one person stay at home with kids - which will affect your ability to afford apartments or houses you'd like. However, before relocating to Stockholm, you should have an idea of the salary to expect and what it can afford. I'm not a developer, I am joining the company as Agile expert (have 8+ years of Agile) helping to deliver software using my project management experience. Don't recall much about Kungsholmen and Vasastan. Bank managers are one of Sweden's highest-paying professionals, earning up to 163,000 Swedish Krona monthlyly. Low skilled workers have much less chances to land a job. According to the Bureau of Labor Statistics (BLS), the national average salary in 2020 was $56,310. For some people, 80k a year is considered a comfortable salary that provides them with a good quality of life; for others, it might not be considered enough to sustain a luxurious lifestyle. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). However, the Swedish government compensates for the high taxes by offering some of the most lucrative career paths in Europe. Put simply, judges determine peoples fates. When she isnt busy blogging, Angela is obsessively catching up with reality TV and listening to the latest music. 50k sek is a very low salary add 100k to that more like it. What Is A Good Salary in Sweden? - expatrist.com Employees receive 25 paid vacation days per year. Those who are drawn to teaching and have a passion for education can become college professors. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. 4 Criteria for What Is Considered a Good Salary | Indeed.com in Stockholm, Average Salary (Government Statistics Agency), Analysis of our Consumer Price Basket in Stockholm, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min. Swedens capital is a great place to live in, offering you a mix of urban & natural and old & new. Generally, 47,000 SEK or 4,486 EUR per month gross will be enough for a single person to live comfortably in Stockholm, Swedens capital and the most expensive city in the Scandinavian country. Jantelagen: Why Swedes won't talk about wealth - BBC Worklife Typically, the allowance is equal to your regular salary, any bonuses or commissions, and an additional holiday bonus of 0.43% of your monthly salary. Many people pursue higher education as a tactic to switch into a higher paying job. Average Monthly Costs in Stockholm (without rent) Family of four 34,000 SEK 3,900 USD Single person 12,000 SEK 1,400 USD. Embarking on one of these careers certainly promises a long journey, but their hefty salaries are worth the effort and the wait. A top-tier salary starts at 60,000 SEK (5,722 EUR) per month. Single person estimated monthly costs: 2,204. Sweden is expensive and taxes are high but the benefits are very good. This is normally only done for your first job, i.e. Ideally 85 sqm. Salary, 40-60 000 kr/month. In Stockholm's richest inner-city . Rome or Milan? According to research by the EU, Sweden is the second most expensive European country when it comes to food and non-alcoholic drinks. Sweden is famous for its outgoing people. Anyone earning approximately 4,486 EUR (47,000 SEK) before tax or 3,299 EUR (34,595 SEK) after tax is considered to have a good salary in Sweden. Angela is a passionate freelance writer who enjoys putting a unique spin on topics like career advice, entertainment, translation and health. If your wage is between the average and the median, then things can be a bit complicated. Remember, these salaries are before tax. ), You can rent an apartment 60-85 sqm for 15 - 20 000 kr/month. Your net salary will differ significantly from your gross, depending on where you reside and your total pay. In this article, w look at salary ranges in the Swedish capital and briefly review the cost of living. Food is expensive, you will probably spend 6000 per month if you dont have any alcohol. Stamp duty which is taxed on property exchange. So, given the high and low in the teaching profession, having a salary of 3,179 EUR and above would mean you have a good salary for a teacher in Sweden. These medical professionals work long hours, are constantly on-call, and must deal with life and death situations daily. Finding an apartment in Stockholm can be at times harder than landing a job, as the capital currently faces a strong residential deficit. Can we apply for permanent residence in Sweden and get benefits? * Based on the average change in salary over time. Card payments collected by DeltaQuest Media Limited, company no. Living in Sweden: What You Need to Know Before You Move - InterNations For the income you have between 430 200kr and 616 100kr you also pay a state-income tax which adds another 20% so 50% of everything you make between 430 200kr and 616 100kr. To practice in Sweden, you need to embark in a professional degree in dentistry, attend dental school, and obtain a license from the National Board of Health and Welfare (Socialstyrelsen). However, I did the research for the possible compensation offer this company is going to give me and it's a little lower than the overall market value for this role however, they have good benefits. Plz guide me which city will be better for living as I have my family of 3 members with me. Dont move to Stockholm please, despite the high GDP of Sweden, its an extremely poor place in reality, listen to me first. Not a good city for those who are not already established. Those figures are presented as guidelines only. Press question mark to learn the rest of the keyboard shortcuts, https://www.youtube.com/watch?v=BL-3QvC6bq4, You can feed in your presumptive pay here and see how much your take home pay would be. Learn more about the cost of living in Sweden in our guide for families. Is it a good idea to take this offer? Happiness rating: 5.4. While the country has some of the highest taxes, the social benefits you get as a result are nothing to scoff at. Milan is the most expensive city in Italy (1 out of 11) Cost of living in Milan is more expensive than in 59% of cities in Western Europe (35 out of 82) Cost of living in Milan is more expensive than in 57% of . Companies within thriving industries tend to provide higher and more frequent raises. Generally, a $4,000 $4,395 gross monthly income in Stockholm is considered good for a single. Rents are generally costlier in major cities such as Stockholm. For comparison, below is another table with salary ranges for the most popular professions in Sweden. Jetradar: Compare and book flights around the world with our own flight search fare tool. Your use of this service is subject to our Sweden boasts some of the best benefits in the world such as affordable healthcare, generous vacation time and free education. Earning around $4,395 (45,000 SEK) gross monthly salary in Stockholm is considered a good income. It takes at least $2,193 in biweekly paychecks after taxes ($57,013 in annual after-tax income) to live comfortably across the 25 largest metro areas in the U.S. Takedown request | View complete answer on . I recommend thoroughly researching your options on property portals and, if you're still struggling, it may be worth asking a rental agency for help. A family of four, living in the city center of Stockholm, Sweden's most expensive city, can comfortably live on a salary of about 23,000 SEK (2,400 USD) per month. Millions of people, some of which I know personally, live on minimum wage, which is a little over 400/month, with rent, school age kids, a car with only 1 person working in the household. Terms of Use and A $42,312 annual income can afford a good car & apartment, food, eating out, and visiting places. I have a swedish wife and 6 kids from her. There are several reasons for these differences, such as taxes, cost of living, job . The average local tax in Sweden is 32.34%. Sweden has been one of the most developed countries in Europe since the end of the Second World War. I lived 10 years back in Stockholm as a student. All the salaries listed above are before tax. where in NYC are you coming from ? That is around 36,000 SEK after tax which is $3,526.51 monthly and $42,312 annually. If you are interested in the salary of a particular job, see below for salaries for specific job titles. Those who got bonuses reported rates ranging from 3% to 5% of their annual salary. Moving for a job in Italy isn't that common, given its relatively weak economic position compared to other EU countries. Overall score: 3.0. On the other hand, the further you venture outside major cities, the more affordable the rents. Living in Canada vs France: Where Should You Move To? The experience level is the most important factor in determining the salary. The salary you need to live comfortably is significantly lower if you reside in a more affordable town like Uppsala and Malmo. Comparisons improve with every new data that you enter. Acting as a referee of the prosecuting and defending parties, instructing the jury, listening and questioning witnesses and finally, determining the guilt or innocence of defendants is a challenging, yet high-earning job to come by in Sweden. BahtiyarKopek 23 hr. Average monthly salary:67,100 SEK (5,800/ $8,000). Sweden might not have the highest salaries in Europe, but theres a reason the country has one of the lowest poverty rates globally. These certified professionals advise and represent clients in criminal and civil proceedings, conduct research and prepare legal documents. How is this for a single person living there? This is the average monthly salary including housing, transport, and other benefits. Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. For instance, my research shows that teaching aides earn the least in the teaching profession at about 2,417 EUR a month. Each additional bedroom will bump up the price by about 1,000 EUR. If youve studied marketing or currently work in your companys marketing department, strive for that promotion because becoming a marketing director could earn you big bucks! Sweden, like other Nordic countries, doesnt have a minimum wage. On the other hand, if youre a family, youll need a higher income to maintain a middle to middle-upper class lifestyle in Sweden. One major difference between salaried employees and hourly paid employees is overtime eligibility. With a gross salary of 45,000 SEK per month, you pay about 45% of it in taxes. I earn 43k sek per month and it's enoung for us to live. The average salary in Stockholm is 492k kr. I'm not sure if these are the right expectations I should have. For a single expat in the same city, a good salary would be 12,800 SEK (1,300 USD) monthly. Listed above are the average annual increase rates for each industry in Sweden for the year 2022. You can feed in your presumptive pay here and see how much your take home pay would be. your money may go farther here for some things, but overall the cost of living is very high. Therefore, earning 60,000 Swedish Krona puts you in the lower end of the countrys highest earners and gets you 40,980 SEKor 3,908 EUR per month after taxes. As in any country, pilots requires extensive training and licenses as it involves transporting passengers on an ongoing basis and being responsible for their lives. I am a native Swede that used to live in Stockholm and I agree with the expats on this website. Homeowners and Swedes in general tend to take good care of the properties they own and live in. I moved to Stockholm during 2020 with a child and I work as senior electronic engineer. I make 36k as a software developer, and I'm able to live very comfortably off that, providing for both myself and my girlfriend. I don't go out a lot (maybe 3/4 times a . Women receive a salary of 651,315 SEK. If you are only interested in viewing statistics and salaries in a specific career field, then choose one from below, or continue scrolling down for more interesting facts about salaries and income in Sweden. What You Should Know About the Cost of Living in Stockholm It truly is a haven for social welfare and high living standards. The gross salary of 30,000 SEK a month is quite common. Thank you. Privacy Policy. Though wages above the average could be seen as a good salary, there are no hard and fast rules regarding how to determine a good salary since there are many external factors involved. This is a. For more context, I do have some financial responsibilities back home so I'll have to spend some money which will set me back around SEK 3,000. The lowest monthly average salary in Stockholm is $1,201, and the highest monthly average is $21,310. Are you considering moving to Sweden, and more specifically to its capital? Men receive an average salary of 785,162 SEK. Single, in my mid 20s and currently looking to make a career move. When you have full responsibility for a company's financial actions, its almost certain that you would be paid a high salary to do so. 2. interesting to read all the posts! Electricity is usually not. As you can see, the median income in 2019 was significantly lower than todays salary you need to earn to live comfortably in the Swedish capital. The rent market in Stockholm is regulated and pretty hard to get into, especially in central Stockholm. Moving for a job in Italy isn't that common, given its relatively weak economic position compared to other EU countries. Thebest employers in Swedeninclude several major financial institutions, making this particular job role worthy of its lucrative salary. Check glassdoor.com for similar companies/positions in Stockholm. You can only get a work permit in Sweden if you have an official employment offer from a Swedish employer. Male employees in Sweden earn 5% more than their female counterparts on avergae across all sectors. As for your pay, it is hard to say. Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree. 15% down payment is required. As an immigrant, traveling throughout the country might be among the things you intend to do. This is the average monthly salary including housing, transport, and other benefits. For incomes above 616 100kr the state-income tax is changed to 25%. The numbers become more significant if you consider one job title at a time. However, wages are discussed through workers unions which determine the salaries for particular industries. See. Regarding the 6 month "provanstllning" (probation period mentioned in comment). Geographical location. Assuming you live in Stockholm, your net pay will be approximately 2,932 EUR (30,747 SEK). Are you really considering to work and live abroad, temporarily or permanently? I've tried glassdoors and it didn't have range for title that accurately reflect what I currently do and will be doing (senior project manager, software development project manager). You may also want to check our website guides: Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world. I get by on a low salary here and I can even save money each month. Forget it! At the same time, the average salary in Sweden in 2022 is 37,100 SEK per month (445,200 SEK). Amit Paul on LinkedIn: This is what we're talking about at Innerworks