"Jobbskatteavdraget": For incomes above 30 000kr, 2 200kr per month can be deducted from your income tax (this is often done automatically since your employer usually pays a part of your income directly to your tax account). Are there major language barriers in Sweden? 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. This is the average monthly salary including housing, transport, and other benefits. Forget it! The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. We are looking for contributors to help make this the ultimate guide for expats. Living cost of Stockholm and average salary question Check theaverage and minimum salary in Stockholm, Swedenand understand better the chances of building a career in this Nordic country. An expat can spend approximately $2,285 monthly on expenses, while a local students cost is $1,400 monthly or less. Listed above are the average annual increase rates for each industry in Sweden for the year 2022. Angela is a passionate freelance writer who enjoys putting a unique spin on topics like career advice, entertainment, translation and health. Its a fun and busy city; hence, you need to know what kind of lifestyle will suit you in this part of Sweden. As a reference, the salary for a McDondalds cashier is hovering around 137 Swedish Krona, or roughly 14 USD per hour. Happiness rating: 5.4. The most standard form of bonus where the employee is awarded based on their exceptional performance. The goal of sustainable development is to create a balance between the three pillars of sustainability: economic, social, and environmental. How is this for a single person living there? I'm happy of education system and I receive a child allowance (barnbidrag) tax free. The cost of living in Stockholm is NaN percent lower than the national average. Male employees in Sweden earn 5% more than their female counterparts on avergae across all sectors. Summary about cost of living in Stockholm, Sweden: Copyright 2009-2023 Numbeo. Average monthly salary:107,000 SEK (9,200/ $12,600). All taxable income employees should file and submit a tax return to the tax office before 2 May after the tax year. Depending on what your long-term plans are, I'd suggest that you get a 2nd hand lease at first, make yourself familiar with the city and areas you'd like to live in and then buy an apartment once your probation period (if any) is over. While this would be just enough to live on in a place like Stockholm, its a good income for many other cheaper cities in the country. Renting 2nd hand is another option, and much easier if you are willing to pay high rents. Distribution of Expenses Using Our Statistical Model: Copyright 2009-2023 Numbeo. If your salary exceeds a certain income threshold, you pay an additional 20% to the Swedish Tax Agency. The figures provided here are averages of numbers. In places like Uppsala, you can find a 2-bedroom apartment with electricity and internet for less than the cost of a 1-bedroom apartment in Stockholm. The highest earner in this profession, a special needs teacher, typically makes approximately 3,942 EUR and takes home 2,998 EUR (31,438 SEK)after-tax if being exact. It truly is a haven for social welfare and high living standards. There's no getting away from paying bills that are associated with your living situation. If you want to rent a one-room apartment in the main parts of the city, Numbeo reports that the average rent in Stockholm is 14,611.62 SEK (just under $1,500) per month. Is it a good idea to take this offer? Rent an apartment is difficult, because of shortage, and problably it was easier during pandemic. Average monthly salary:67,100 SEK (5,800/ $8,000). Other than having sound judgement and excellent communication skills,becoming a lawyerin Sweden requires a high level of proficiency in Swedish. A family of four should budget at least 3,804 EUR (39,906 SEK) rent included. I make 36k as a software developer, and I'm able to live very comfortably off that, providing for both myself and my girlfriend. Living in Stockholm - The Complete Expat Guide - Everything Sweden Hi! Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma. 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. In order to practice law in Sweden, you must have a Bachelor of Laws degree or the Master of Laws as well as years of professional legal experience. Get access to our salary comparison calculator by signing up. In the United States, 80k a year is in the top 30 percentile of . Heating, hot and cold water and the basic cable TV channels are usually included in rent. The remaining money you could spend on the following: Keep in mind that Sweden is a high-tax country. A person working in Stockholm typically earns around 49,200 SEK per month. It sounds like I need to buy if I don't want to be priced out (by rent going up too much in 17+ years one has to wait) or stop constantly moving around. Social security: social security contributions are paid by the employer, which may come up to 31.42%. There are places and items here that are still, in my opinion, overpriced, but it is what it is. Typically, a one-bedroom apartment near the Stockholm city center will set you back 1,430 EUR, a two-bedroom approximately 2,050 EUR, and a 3 bedroom over 3,000 EUR. Average salary for technology project manager with 10 years of experience in Stockholm. I grew up in Queens, lived all over the area. According to research by the EU, Sweden is the second most expensive European country when it comes to food and non-alcoholic drinks. The job of a surgeon is the number one highest-paying job in Sweden and rightly so. Many people pursue higher education as a tactic to switch into a higher paying job. You can expect rent between 10 000 and 20 000 SEK for centrally placed apartments 1-2 bedrooms along the lines of your space requirements. 548227, reg. How much Do you have to earn to live comfortable in Stockholm? 6 simple ways for anyone to earn extra income, Airlines / Aviation / Aerospace / Defense, Media / Broadcasting / Arts / Entertainment. In this article, w look at salary ranges in the Swedish capital and briefly review the cost of living. These leases usually run for 6, 12 or 24 months and might not be legal (people keep apartments that they are not allowed to sublease and do it anyway to make money and have a reserve place should they need it), but are still very common. What are the job opportunities in Gothenburg. Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree. One honest message to all who plan come to Sweden for work, just don't and educate yourself before you consider. 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. This puts you in a position to live a comfortable life in Sweden. For incomes above 616 100kr the state-income tax is changed to 25%. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. As we head into 2020, we're running the best, most insightful and most essential Worklife stories from 2019. Hence, what you need for a comfortable life as a single adult will differ vastly if you add a partner and children. 48% of surveyed staff in Sweden reported that they haven't received any bonuses or incentives in the previous year while 52% said that they received at least one form of monetary bonus. Hourly jobs pay per worked hour. I am a native Swede that used to live in Stockholm and I agree with the expats on this website. There are many useful information and i appreciate it. Cost of Living in Stockholm. Mar 2023. Prices in Stockholm - Numbeo Average Monthly Costs in Stockholm (without rent) Family of four 34,000 SEK 3,900 USD Single person 12,000 SEK 1,400 USD. If youre considering taking a job in Stockholm, you should estimate your future cost of living in this city and the area you want to live in. So: -430 200kr = 30% tax. On the other hand, the highest compensation for the countrys lowest-paying occupations is 25,600 SEK. Similarly, it will depend on your occupation and where you live. If this picture on wikipedia is accurately depicting Stockholm boroughs. When expanded it provides a list of search options that will switch the search inputs to match the current selection. 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. As for living costs, it varies, but I would say at least 10k/month in rent. Its no surprise that the professionals who fly high are also the most paid workers in Sweden. Nonetheless, Italy is the second largest manufacturing country in Europe. I think it was 450k SEK/yr? Their field of expertise usually matches the type of business. From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. Assuming you live in sterker, which has the least tax in Sweden, and you earn the average pay above, your average monthly net salary after tax would be 2,623 EUR (27,504 SEK). Massa promises that the 'Malbec dollar' will start in April and asked As for the difficulty to find rentals i just wanted to link these statistics, you can play around under "omrde" to choose different areas. Extensive knowledge and experience are required, as well as a broad education and qualifications in order tosucceed as a surgeonin Sweden or anywhere else in the world for that matter. 2. Thank you! Not a good city for those who are not already established. It has the 7th highest human development index, making it one of the best countries to live in. GoBankingRates determined the "living wage" necessary to live comfortably in each US state late last year. 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. I get by on a low salary here and I can even save money each month. Sweden is known for its high living standards and organized society. According to Swedish statistics, in 2019, the median annual earned income in Stockholm was 342,100 SEK for women and 387,700 SEK for men. Are you really considering to work and live abroad, temporarily or permanently? However, you need to meet certain requirements to be eligible for permanent residence or get a work permit. With an average salary of nearly 3,400 EUR (35,000 SEK), an employee takes home approximately 2,537 EUR if they live in a high-tax municipality. Interview with Ray a Canadian expat living in Sweden, Interview with Gregor a Polish expat living in Sweden, Interview with Crista a Third Culture Kid living in Sweden, Interview with Amanda a Canadian expat living in Sweden, Interview with Corinne an American expat living in Sweden, Interview with Jamie an American expat living in Stockholm, Interview with Steve a South African expat living in Stockholm, Interview with Pia a Canadian expat living in Sweden. 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. What You Should Know About the Cost of Living in Stockholm Average monthly salary:94,000 SEK (8,100/ $11,100). What Is A Good Salary in Sweden? - expatrist.com The median represents the middle salary value. These types of bonuses are given without a reason and usually resemble an appreciation token. 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. Average monthly salary:114,000 SEK (9,800/ $13,500). don't expect to even be able to find a place to rent long term within the city limits. Please try again later. Stockholm is the most expensive city in Sweden. So who gets paid more: men or women? Fortunately, in many places, youll find that the cost of rent typically includes some other utilities like water, electricity, and heating. The gross salary of 30,000 SEK a month is quite common. Their expertise is usually different from that of the core business operations. However, the Swedish government compensates for the high taxes by offering some of the most lucrative career paths in Europe. What is a good salary to survive in us? Sweden is expensive and taxes are high but the benefits are very good. How much money you need to make to live comfortably in every state in Currently in Downtown Brooklyn and work is in Manhattan. In Sweden, this means that, on average, a family of two adults and two children spends over 1,000 EUR on food each month. In a discussion from The Local Sweden, you need to earn around $3,418 after tax to live a good life in the largest Swedish city. Their coverage is comprehensive and inexpensive compared to many public insurances. I'm not sure if these are the right expectations I should have. That is quite an investment. Remember, these salaries are before tax. Best cities to live in Sweden Stockholm Liveability 95 Cost of living $1868 Population 979K Gothenburg Liveability 92 Cost of living $1450 Population 608K Uppsala Liveability 92 Cost of living $1352 Population 167K Malmo Liveability 89 Cost of living $1350 Population 325K Lund Liveability 88 Cost of living $1223 Population 94.4K Vasteras 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. Marketing directors have the responsibility of increasing revenue and generating business for the organisations they work for. Since this is the most expensive city in Sweden, you can be assured of a decent life with lower salaries, especially in rural areas. That is especially the case in Stockholm and its housing market.