Stockholm is a great city to live in, and unlike other countries, Sweden doesnt have a minimum wage for workers. My challenge is that I only have no understanding of living cost and average salary for Stockholm. Of course, sufficient experience is required, alongside abachelors or masters qualification in marketingor business studies. What is the average cost of living in Stockholm per month? Tobecome a CEO, its also essential that you have outstanding leadership, decision-making and managerial skills. 2021-02-04. With a mix of highly-efficient buses, trains, and even ferries for channel crossings, you may not even need a private vehicle to get around. See. But while the country has the highest tax rates globally, it also offers impressive, lucrative careers paths. 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. What Is A Good Salary in Sweden? - expatrist.com Compare salaries city by city with our free salary wizard and convert your own salary to a local salary in Stockholm. What kind of jobs are available for expats in Ireland/Europe? Stamp duty which is taxed on property exchange. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. There are expensive newly produced apartments that are much easier to get. Typically, getting a job with such a high salary means youre most likely a manager. All rights reserved. A family of four should budget at least 3,804 EUR (39,906 SEK) rent included. You also have to expect a 3500-6000SEK monthly fee on top of the loan. However, average wages vary from 26,000 SEK and 35,000 SEK, where 32,000 SEK is the median salary. Can I get help looking for an apartment or studio to rent in Sweden? In 2022, sources like the Salary explorer indicate that the average salary in Stockholm is $57,189. 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. 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. Stockholm makes for one of the best and safest places in the World to live: one has also to learn how to read statistics. Jobs and salaries in Stockholm, Sweden - Teleport Cities 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. Renting 2nd hand is another option, and much easier if you are willing to pay high rents. 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. An expat can spend approximately $2,285 monthly on expenses, while a local students cost is $1,400 monthly or less. Luckily, most Swedish landlords offer some utilities such as water, electricity, heating, or Wi-Fi as part of the package. Hence, what you need for a comfortable life as a single adult will differ vastly if you add a partner and children. Men receive an average salary of 785,162 SEK. Ideally close to Canary Wharf so that I can walk to work. 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 lived 10 years back in Stockholm as a student. Essential utilities cost $102.74 monthly, and 1 minute of prepaid tariff costs $0.14. Summary about cost of living in Stockholm, Sweden: Copyright 2009-2023 Numbeo. Right now even 1 BR apartments go for 20-25k because there is a big shortage, so after paying for a small apartment you are only left with 14,000 SEK. 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. So who gets paid more: men or women? Buying a house in Stockholm is reserved for the rich. The gross salary of 30,000 SEK a month is quite common. . Get in touch if you can provide useful info on your city or answer forum questions from new expats. The following table depicts the cost of living for a single person in Swedens 10 largest cities from cheapest to most expensive (exclusive of rent): Keep in mind that the living costs above are approximations and are subject to change. 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. I am a native Swede that used to live in Stockholm and I agree with the expats on this website. Salary: Data Scientist in Stockholm, Sweden 2023 | Glassdoor It might be a good option if you going for a long travel. What is a good salary to make to live comfortably? (Single, Married, or I am a software engineer and I did read all the comments. Black Church, St. Marys Place, Dublin 7, Ireland. It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? Another question I have is the pricing of rent. Family of four estimated monthly costs: 4,108. All taxable income employees should file and submit a tax return to the tax office before 2 May after the tax year. A CFO is in charge of managing and planning the budgets, spending, costs, taxation, and revenue of a company, which means they play a vital role in its success. An extra bedroom typically adds about 1,000 EUR to the rent. Public transport is good but expensive, but paying for parking is even worse. 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. GoBankingRates determined the "living wage" necessary to live comfortably in each US state late last year. However, you need to meet certain requirements to be eligible for permanent residence or get a work permit. Generally, a $4,000 - $4,395 gross monthly income in Stockholm is considered good for a single. 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. Listed above are the average annual increase rates for each industry in Sweden for the year 2022. Not a good city for those who are not already established. On the other hand, the highest compensation for the countrys lowest-paying occupations is 25,600 SEK. Its a fun and busy city; hence, you need to know what kind of lifestyle will suit you in this part of Sweden. Amit Paul on LinkedIn: This is what we're talking about at Innerworks Forget having a car unless you make above 100k SEK/month, parking is expensive and "lapplisor" are everywhere.You are definitely gonna get fined. As many have said before, don't expect high salaries in engineering jobs in Sweden. These figures tend to change frequently. With a high responsibility job with an equal amount of risk, bank managers are accountable for the operations of bank branches, including customer service, financial objectives, distribution, sales and the training of bank personnel. Today Sweden is a highly developed complex economy, and this does reflect in its job market. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. The Swedish tax system deducts a local levy on employees annual incomes. This puts you in a position to live a comfortable life in Sweden. How is an offer of 45K SEK? Sending you PM. The average salary needed to live comfortably across the 25 largest U.S. metro areas is $57,013. With this experience, Angela now enjoys offering tips on career development, freelancing and how to ace job interviews. 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? What is a good salary to survive in us? Fee = taxes, maintenance, utilities, etc.? Average monthly salary: 141,000 SEK (12,200/ $16,700) Yet another high-paying job in the legal sphere is that of a judge. Geographical location. Its easier to find a cheap alternative for a person knowing the city well. 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. Its a horrible city UNLESS you have rich parents (like many native Stockholmers do). 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. I thought city of Stockholm was only composed of Norrmalm, Ostermalm, Sodermalm, Kungsholmen, Galma Stan, and Vasastan. 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). Example:A graphics designer working for a graphics designing company. There are many useful information and i appreciate it. If your wage is between the average and the median, then things can be a bit complicated. As an expat living in Stockholm for about half a year now, I tend to agree with the general sentiment in the comments: Stockholm is not expat-friendly in terms of cost of living. Nonetheless, Italy is the second largest manufacturing country in Europe. You can rent a good place and spend some money eating out and having fun in the city. Therefore, living in a bigger apartment with a roommate could be . 2023 DeltaQuest Media Limited. Would really appreciate answers and suggestions for all of you! If I can get a better estimate on rent cost I think it will help me better in doing the maths if the salary this company will offer me is enough or not. Agile and SCRUM masters are decently in demand. Marketing directors have the responsibility of increasing revenue and generating business for the organisations they work for. If you are working on IT, your careers perspectives are pretty good in Sweden (regardless of your nationality). As the highest-ranking executive in a company, CEOs make critical corporate decisions, oversee the company strategy and goals, and become the organisation's public face. Swedens economy focuses in export market, with Germany and United Kingdom being the top destinations for Swedish products. 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 Salary You Need to Live Alone in Every Major U.S. City This city had 2350 entries in the past 12 months by 358 different contributors. 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. Living in Canada vs France: Where Should You Move To? These medical professionals work long hours, are constantly on-call, and must deal with life and death situations daily. All the salaries listed above are before tax. Travel always in the most comfortable way with optimal prices to enhance your travel experience. The most relevant criteria for determining what is a good yearly salary are: 1. With a gross salary of 50,000 SEK (4,769 EUR), you will belong to the Swedish upper-middle class. Everything is relative and therefore if you have a Stockholm wage, things here are more agreeable. You can rent an apartment for approximately $979.59 to $1,959.17, depending on which area of Stockholm you decide to live in. These certified professionals advise and represent clients in criminal and civil proceedings, conduct research and prepare legal documents. A person working in Stockholm typically earns around 49,200 SEK per month. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Card payments collected by DeltaQuest Media Limited, company no. Food is expensive, you will probably spend 6000 per month if you dont have any alcohol. How is this for a single person living there? Everything from 25 000-60 000 SEK is possible. Leases are indefinete - ie until you cancel them. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. Ostermalm felt quite posh and upscale. If you order takeout, visit restaurants, and go clubbing occasionally, expect your monthly cost of living to be more than usual. 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. Average Monthly Costs in Uppsala (without rent) Further, any extra pay an employee receives is subject to an additional 12% vacation pay. These professionals teach students, but they also perform research, produce scholarly publications in the subject they specialise in, and present at academic conferences. I moved to Stockholm during 2020 with a child and I work as senior electronic engineer. Percentage increase and decrease are relative to the previous value. Anything above that is payable as overtime. Sweden is one of the best countries when it comes to holidays for its employees. Below is a tabular representation of what you can expect to pay for different food products in Sweden. However, the existence of trade unions that bargain on behalf of employees makes the system work better than many government-based minimum wages. Your use of this service is subject to our Copyright 2016 Globe Media Ltd. All rights reserved. I have a swedish wife and 6 kids from her. I've been very fortunate and now entering into negotiation phase. Is it a good idea to take this offer? 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. 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. Heres an example of tax rates for personal income in Sweden: Other taxes in Stockholm charged on individuals in Stockholm include: Besides, tax rates also differ for residents and non-residents. 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 Are you considering moving to Sweden, and more specifically to its capital? One of the biggest expenses anywhere in Sweden is housing costs. On top of her experience as a copywriter, editor and proofreader, she has also helped companies recruit, screen CVs and interview candidates on the side. source: former NYC resident living in stockholm. 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. 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. Thank you! We explain how to do it. Don't recall much about Kungsholmen and Vasastan. This type of apartment is between 3.5-5Msek, depending on area (not very posh though). In 2020, the median income was 345,810 SEK annually across all genders or 28,817 SEK monthly. All data are based on 972 salary surveys. Those figures are presented as guidelines only. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. Average monthly salary:168,000 SEK (14,500/ $19,900). Are there major language barriers in Sweden? No related content found. Swedes earn approximately 3,338 EUR (35,000 SEK) every month or 40,056 EUR (420,000 SEK) annually before tax. When she isnt busy blogging, Angela is obsessively catching up with reality TV and listening to the latest music. I'm not sure if these are the right expectations I should have. These types of bonuses are given without a reason and usually resemble an appreciation token. The average local tax in Sweden is 32.34%. Naturally the more years of experience the higher the wage. Hej Stockholm redditors - I currently live in USA and I've been interviewing for a job in Stockholm. Ideally 85 sqm. Stockholm has a lot to offer and is known for high price tags. Finding an apartment in Stockholm can be at times harder than landing a job, as the capital currently faces a strong residential deficit. To rent a three-bedroom apartment costs an average of $2,296 monthly in the city center and $1,604 on the outskirts of the city center. Canada and France are two totally different countries with only a few similarities, like the French language. Their day-to-day tasks involve building strategies to enhance company branding and image, which may entail preparing marketing plans, campaigns and events, budgets, and the analysis of market and company competitors. Thebest employers in Swedeninclude several major financial institutions, making this particular job role worthy of its lucrative salary. 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. Average monthly salary:67,100 SEK (5,800/ $8,000). Low skilled workers have much less chances to land a job. Read about salaries in Stockholm. Being a judge is certainly not easy money. This. Still, work-life balance isn't a one-size-fits-all measurement when it comes to different industries. 2. 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). At minimum 60 sqm. Get access to our salary comparison calculator by signing up. Other than vacation days, employees in Sweden enjoy 13 public holidays each year. Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. With an abundance of supervising responsibilities, bank managers require proven management experience and relevant qualifications such as a bachelors degree in business administration. The company can potentially offer meSEK 35,455 with the taxes and rent and all other expenses considered is this a good enough salary to live comfortably in Stockholm? Edit2 Looks like I should expect 40-60k SEK/mo as expected range for my salary 480k-720k SEK/yr. The cost of living in Sweden is quite high, though it is showing signs of easing. You got nothing back from the society once you need it in term of social help, it takes ages when you deal with authorities. This salary can afford you a decent lifestyle. Living in Stockholm - The Complete Expat Guide - Everything Sweden If you have a family, youll afford an even better lifestyle if your partner makes approximately the same amount. That is equivalent to slightly more than 3400 US dollars per month. Male employees in Sweden earn 5% more than their female counterparts on avergae across all sectors. great place. Are you thinking of living and working in Stockholm? The banks here will also only provide a loan if you have a permanent employment. Check glassdoor.com for similar companies/positions in Stockholm. Sweden is known for its high living standards and organized society. Employees receive 25 paid vacation days per year. Please help! 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 . That translates to a gross monthly salary of 28,508 SEK ($2,745) for women and 32,308 SEK ($3,111) for men. Your costs should be slightly lower for a one-bedroom apartment outside the city center at 10,282.61 SEK ($1,053.14) monthly. It is usually 2 000-8 000 SEK for an apartment like the one you described. The hourly wage is the salary paid in one worked hour. Top 10 coolest jobs that you can actually have! Employees that are directly involved in generating revenue or profit for the organization. AWS Certification Path, Job Description, and Salary The median wage in Stockholm is $4,862 per month, which comes to $58,351 annually. According to my research, you should be able to live comfortably on that salary, even if you are sending money home each month. Happiness rating: 5.4. Dont move to Stockholm please, despite the high GDP of Sweden, its an extremely poor place in reality, listen to me first. The salary you need to live comfortably is significantly lower if you reside in a more affordable town like Uppsala and Malmo. The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 Increase Frequency. The Best and Worst Cities in the World for Work-Life Balance | Entrepreneur When you mean 3500-6000 SEK/mo fee on top of loan. Top 10 Highest-Paying Jobs in Sweden - CareerAddict A good salary in Sweden depends on whether youre a family or a single person. If youre lucky, you may find that your apartment also bundles free Wi-Fi as part of the rent package. Housing queues are 5-30 years long depending on your standards. However, the average expenditure for a single person is approximately 862 EUR before factoring in rent. A person working in Stockholm typically earns around 49,200 SEK per month. Average monthly salary:101,000 SEK (8,700/ $12,000). What are the job opportunities in Gothenburg. This article is an updated version of an earlier article originally published in March 2015. Sweden is famous for its outgoing people. 2K/month is very good. 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. Additionally, you must prove that you had a full-time job during the whole 5-year duration and could comfortably support your family and yourself. so 55% tax for incomes above 616 100kr. 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. Sweden is a haven for social welfare. Besides, a single person will need approximately 1,979 EUR (20,759SEK) to live comfortably in Sweden (including renting an apartment). Can I get a B1 work visa in Israel without a bachelors degree? Summary of cost of living in Milan. 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. Below are some resources that might be useful for you around the web: World Nomads: this company provides travel insurance in most countries around the world. The median represents the middle salary value. An extra bedroom will cost you $1,063. Globe Media cannot accept any responsibility for any loss or inconvenience to any person as a result of information contained above. Embarking on one of these careers certainly promises a long journey, but their hefty salaries are worth the effort and the wait. Made up of 14 islands and home to a quarter of the Swedish population, there is plenty to love about Stockholm. One major difference between salaried employees and hourly paid employees is overtime eligibility. hey i'm from somalia and live in sweden. Uppsala is a good example, where youll find a 3-bedroom apartment for less than what you pay for a two-bed flat in Stockholm. I make 36k as a software developer, and I'm able to live very comfortably off that, providing for both myself and my girlfriend. for interest costs below 100 000kr you're allowed to deduct 30% of the interest cost from your income taxes. In most cases, a salary review is conducted once education is completed and the degree has been attained. I think it was 450k SEK/yr? This amount will leave you about32,130 SEK (3,064 EUR) after tax in Stockholm. Stockholm and Sweden, in general, is an expensive place to live IF you are not from their area. Become our local expat expert for your area! City natives usually live with their parents way into their 20s due to how hard it is to get housing. I don't plan on owning a car so I'd like to live in city of Stockholm rather than greater area of Stockholm. There's usually a 3 month cancellation period. I apologize ahead if questions I'm about to ask come across stupid. 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. I'm 36, married, no kids, and wife would be giving up her job but she was planning to go back to school or start having children so I guess that part works out. The table below shows the salary ranges for some of the highest-paying jobs in Sweden.