Living within Stockholm could cost you the following expenses excluding rent in a month: A good salary is 45,000 SEK gross per month or 32,317 SEK net per month, which is around $4,395 or $3,112 net. Its high living standards, free education, generous vacation time, and extremely affordable healthcare makes it a big hit among immigrants looking to move and work abroad. If your salary is higher than both of the average and the median then you are doing very well. A Princeton survey shows that optimal happiness is achieved at a salary of $75k, and pay increases over $75k result in minimal happiness gains. This is mainly due to inflation, rising renting and food prices, and, therefore, a required increase in salaries. I mean they may seem to be high, but here the range of salaries is quite narrow. With a gross salary of 50,000 SEK (4,769 EUR), you will belong to the Swedish upper-middle class. I get by on a low salary here and I can even save money each month. Are you really considering to work and live abroad, temporarily or permanently? Its capital is also the hub for major companies in different sectors like tech start-ups, finance and telecommunications conglomerates. Secondary schools for expats of Argentine origin. 2. Card payments collected by DeltaQuest Media Limited, company no. The average salary in Stockholm is 492k kr. Becoming a Police Officer in the USA as a foreigner. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships. Sweden is a haven for social welfare. I'll be doing same role in Stockholm. Happiness rating: 5.4. Average monthly salary:90,600 SEK (7,800/ $10,700). In Sweden, this is one of the best jobs and the second most lucrative career, with salaries that reach up to 214,000 Swedish Krona. The rent market in Stockholm is regulated and pretty hard to get into, especially in central Stockholm. Men receive an average salary of 785,162 SEK. Canada and France are two totally different countries with only a few similarities, like the French language. Work Abroad Guide: Learn how to find a job and employment requirements in different countries. It has the 7th highest human development index, making it one of the best countries to live in. Sounds kinda similar to NYC situation :). 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. 2K/month is very good. Sweden is one of the best countries when it comes to holidays for its employees. At the same time, the average salary in Sweden in 2022 is 37,100 SEK per month (445,200 SEK). 1300 euros/month plus bills for a mini flat like shoe box, and average salary 2400 euros/month, lol no thanks. 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 want to live in Sweden I have PR in Italy could someone help me to find job & living in Stockholm. Average monthly salary:141,000 SEK (12,200/ $16,700). Nonetheless, Italy is the second largest manufacturing country in Europe. The average salary needed to live comfortably across the 25 largest U.S. metro areas is $57,013. The salary you've mentioned is above the average salary for a single person living in Stockholm and you should therefore be able to live a decent quality of life in the city. This puts you in a position to live a comfortable life in Sweden. If you order takeout, visit restaurants, and go clubbing occasionally, expect your monthly cost of living to be more than usual. However, before relocating to Stockholm, you should have an idea of the salary to expect and what it can afford. All taxable income employees should file and submit a tax return to the tax office before 2 May after the tax year. Cost of living in Stockholm is 8% cheaper than in Paris Cost of living in Stockholm is 13% more expensive than in Vienna Cost of living in Malmo is 25% cheaper than in Stockholm Cost of living in Stockholm is 15% more expensive than in Milan Cost of living in Stockholm is 9% more expensive than in Edinburgh Get access to our salary comparison calculator by signing up. Average salary in Stockholm is 751,036 SEK per year. However, as usual, money solves most things. First off I'd like to recommend a read through our Cost of Living in Stockholm page as this may give you an idea of potential living costs in the city. Swedens capital is a great place to live in, offering you a mix of urban & natural and old & new. The answer to this question largely depends on one's definition of being "rich". That said, it is still hard to get a lease (even the more expensive newly produced apartments go fast), so most people attempt to buy rather than rent. Another question I have is the pricing of rent. Just like some other highly developed European nations, Sweden does not have an official minimum salary. On the other hand, the highest compensation for the countrys lowest-paying occupations is 25,600 SEK. Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines. Sweden is famous for its outgoing people. In fact, Stockholm ranked 87th out of 227 cities in the 2022 Mercer Cost of Living survey, this is a significant drop from its 2021 ranking of 72nd. Living in Canada vs France: Where Should You Move To? Today Sweden is a highly developed complex economy, and this does reflect in its job market. Stockholm is a great city to live in, and unlike other countries, Sweden doesnt have a minimum wage for workers. This button displays the currently selected search type. I am a native Swede that used to live in Stockholm and I agree with the expats on this website. With a salary of anywhere above 4,000 EUR (42,000 SEK), you can afford an apartment in the middle of the city and still have enough to save, eat out, and cover your basic needs. There are many useful information and i appreciate it. Lets look at the top employers paying their employees a good average (annual) salary: The best-paying industries in Stockholm are: 50,000 SEK ($4,897) is suitable for a couple in Stockholm. An apartment in the city center costs $11,031 per square meter, while for a property outside the city center, you will pay $6,652. Average salary for technology project manager with 10 years of experience in Stockholm. These figures tend to change frequently. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned. Parking is 100 SEK/hour in Stockholm and its almost impossible to find parking, forget commuting to work with a car, its either the bus or subway unless you are a multi millionaire. 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. Women receive a salary of 651,315 SEK. The median represents the middle salary value. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. The third highest-paid professionals in Sweden are lawyers. According to Swedish labor laws, every employee is entitled to 25 vacation days each year. A good salary for singles and couples is to earn double their monthly expenses while saving 20% of their income. Average Monthly Costs in Stockholm (without rent) Family of four 34,000 SEK 3,900 USD Single person 12,000 SEK 1,400 USD. So even if you earn say 45-50k gross you will be getting less than double the salary of a cleaning lady (and this means that the majority of society has similar budget which drives prices upward). This salary can afford you a decent lifestyle. A Master's degree program or any post-graduate program in Sweden costs anywhere from 226,000 Swedish Krona(s) to 677,000 Swedish Krona(s) and lasts approximately two years. Salaries in Stockholm range from 12,400 SEK per month (minimum salary) to 220,000 SEK per month (maximum average salary, actual maximum is higher). Can we apply for permanent residence in Sweden and get benefits? Typically enterprises in different sectors and industries set these minimum wages collectively depending on an employees age, experience, skill, or seniority. For instance, a one-bedroom apartment in the Swedish capital costs at least 1,400 EUR. However, you need to meet certain requirements to be eligible for permanent residence or get a work permit. This is the average monthly salary including housing, transport, and other benefits. Dont move to Stockholm please, despite the high GDP of Sweden, its an extremely poor place in reality, listen to me first. Summary of cost of living in Milan. The salary you've mentioned is above the average salary for a single person living in Stockholm and you should therefore be able to live a decent quality of life in the city. City natives usually live with their parents way into their 20s due to how hard it is to get housing. Still, even if you prefer to stay home, once in a while, youll want to eat out, go on a date, or meet friends at a local cafe. Taxes are high, but there are a lot of deductions - work deduction, interest deduction (if you buy an apartment or a house), base deduction and much else. For a typical family of four, the average living cost without rent is 3,082 EUR, according to Numbeo. I don't plan on owning a car so I'd like to live in city of Stockholm rather than greater area of Stockholm. Homeowners and Swedes in general tend to take good care of the properties they own and live in. A good salary living in Stockholm's city centre is around $1,300/month for a single person and $2,400/month for a family of four. Housing queues are 5-30 years long depending on your standards. Eating out is pretty costly in Sweden. If you are working on IT, your careers perspectives are pretty good in Sweden (regardless of your nationality). One honest message to all who plan come to Sweden for work, just don't and educate yourself before you consider. I'm actually one among them. According to my research, you should be able to live comfortably on that salary, even if you are sending money home each month. These types of bonuses are given without a reason and usually resemble an appreciation token. 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. Not a good city for those who are not already established. Companies within thriving industries tend to provide higher and more frequent raises. The job of a lawyer pays well because it involves years of study, putting in long working hours, sacrificing their personal life and most importantly, protecting the lives of people and businesses facing legal issues. The salary you need to live comfortably is significantly lower if you reside in a more affordable town like Uppsala and Malmo. To learn more about salaries in Sweden, read another article. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. Sweden is known for its high living standards and organized society. 2023 DeltaQuest Media Limited. Marketing directors have the responsibility of increasing revenue and generating business for the organisations they work for. The figures provided here are averages of numbers. Even on the lower end, you can easily afford a one-bedroom apartment within the city center which costs about $1,250 per month. If youre thinking about taking out private health insurance, our trusted partner Cigna Global is very aware of all the difficulties that expats can face when it comes to healthcare in a new location, so they have created a range of international health insurance plans specifically designed for expats, which you can tailor exactly to the needs and ensure access to quality care for you and your family. As many have said before, don't expect high salaries in engineering jobs in Sweden. Which is the Best City to Visit. During this period, you also get the following: Its what your employer pays you when youre on holiday. According to the Bureau of Labor Statistics (BLS), the national average salary in 2020 was $56,310. When you mean 3500-6000 SEK/mo fee on top of loan. Salary Explorer For rent, you could be paying anywhere between 7,000 and 18,000 SEK each month for a one bedroom apartment. You can't really expect any salary increases during the study period, assuming you already have a job. These professionals teach students, but they also perform research, produce scholarly publications in the subject they specialise in, and present at academic conferences. Their coverage is comprehensive and inexpensive compared to many public insurances. The banks here will also only provide a loan if you have a permanent employment. The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones. How is an offer of 45K SEK? Forget it! If your wage is between the average and the median, then things can be a bit complicated. Sweden has been one of the most developed countries in Europe since the end of the Second World War. The median salary is 50,200 SEK per month, which means that half (50%) of the population are earning less than 50,200 SEK while the other half are earning more than 50,200 SEK. You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails, 25 Simple Ways to Reduce Bills and Save Money. Edit I made stupid assumption about what is city of Stockholm and was/is confused by it. All the salaries listed above are before tax. Generally speaking, if you are a single adult, you should have an annual salary of around 25,000 to 35,000 to afford basic living costs (such as rent, food, bills and transport). Salaries across the United States vary according to geographical location, even when other factors such as job title, experience and industry are the same. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. Being a judge is certainly not 'easy money'. Just one person's average utility bill is 724 SEK ($79) in a 45m2 studio apartment, whereas if there were two of you in an 85m2 flat, your utilities would be more like 1,055 SEK ($116). Average one-bedroom rent: $2,390; Salary needed: $95,600 Chicago, Illinois Average studio rent: $1,450; Salary needed: $58,000 Average one-bedroom rent: $1,630; Salary needed: $65,200 Houston, Texas Average studio rent: $1,310; Salary needed: $52,400 Average one-bedroom rent: $1,550; Salary needed: $62,000 Philadelphia, Pennsylvania Also from the diagram, 75% of the population are earning less than 138,000 SEK while 25% are earning more than 138,000 SEK. In 2020, the median income was 345,810 SEK annually across all genders or 28,817 SEK monthly. The most standard form of bonus where the employee is awarded based on their exceptional performance. Agile and SCRUM masters are decently in demand. Salaries are different between men and women. Regarding the 6 month "provanstllning" (probation period mentioned in comment). As for the difficulty to find rentals i just wanted to link these statistics, you can play around under "omrde" to choose different areas. The table below is an ideal indication of typical expenses you might incur if you visit a restaurant: Sweden has one of the most robust transportation networks in Europe. The most typical earning is 600,728 SEK. 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. The landlord can actually not cancel the lease unless you are being disruptive or destroying the apartment. Anything above that is payable as overtime. Can anyone recommend an English speaking international school in Stockholm? A good salary in Sweden depends on whether youre a family or a single person. Generally, a range of $2,942 $4,413 in net salary is pretty good for Stockholm. Check glassdoor.com for similar companies/positions in Stockholm. Average monthly salary:107,000 SEK (9,200/ $12,600). Check theaverage and minimum salary in Stockholm, Swedenand understand better the chances of building a career in this Nordic country. If you have any questions or concerns, send us an email at [emailprotected], link to Most In-Demand Jobs in Italy in 2023. link to Living in Canada vs France: Where Should You Move To? GoBankingRates determined the "living wage" necessary to live comfortably in each US state late last year. Plz guide me which city will be better for living as I have my family of 3 members with me. I have a swedish wife and 6 kids from her. Luckily, most Swedish landlords offer some utilities such as water, electricity, heating, or Wi-Fi as part of the package. PM me for other questions. 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! Average monthly salary:60,400 SEK (5,200/ $7,100). Ideally 85 sqm. I get by on a low salary here and I can even save money each month. Average monthly salary:67,100 SEK (5,800/ $8,000). Swedes earn approximately 3,338 EUR (35,000 SEK) every month or 40,056 EUR (420,000 SEK) annually before tax. Both are indicators. Embarking on one of these careers certainly promises a long journey, but their hefty salaries are worth the effort and the wait. The numbers seem to support this tactic. As an immigrant, traveling throughout the country might be among the things you intend to do. Privacy Policy. Trends in wages decreased by -100.0 percent in Q4 2022. A sustainable business is one that takes into account . Even if you are a senior software engineer you will only make like 45,000 SEK per month before taxes, after taxes around 34,000 SEK. 6 simple ways for anyone to earn extra income, Airlines / Aviation / Aerospace / Defense, Media / Broadcasting / Arts / Entertainment. For incomes above 616 100kr the state-income tax is changed to 25%. This city had 2350 entries in the past 12 months by 358 different contributors. Salaries vary drastically between different careers. I'd like to be able to save 500/600 (ideally more) a month and I'm comfortable sharing a flat with 1-2 people. 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. The lowest monthly average salary in Stockholm is $1,201, and the highest monthly average is $21,310. Stockholm is the most expensive city in Sweden. No related content found. Youll also get money for services like healthcare, insurance, and education. An expat can spend approximately $2,285 monthly on expenses, while a local students cost is $1,400 monthly or less. Rent an apartment is difficult, because of shortage, and problably it was easier during pandemic. Ostermalm felt quite posh and upscale. Sweden, like other Nordic countries, doesnt have a minimum wage.