what is a good salary to live in stockholm what is a good salary to live in stockholm

The Swedish tax system deducts a local levy on employees annual incomes. The median wage in Stockholm is $4,862 per month, which comes to $58,351 annually. Edit I made stupid assumption about what is city of Stockholm and was/is confused by it. People tend to confuse bonuses with commissions. (After tax about 27-40 000. 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. Want to move to Sweden but dont have a job offer yet? Rome or Milan? P den beskattningsbara frvrvsinkomsten som verstiger 616 100 kr r den statliga inkomstskatten 25 procent. Also, once you get comfortable in Stockholm, you could consider buying a house instead of renting. Typically renting a one-bedroom apartment will cost you approximately $1,521 per month in the city center, while a two and three-bedroom will cost $2,180 and $3,191, respectively. The Pay Limit scheme allows work permits to be granted to . A good salary for singles and couples is to earn double their monthly expenses while saving 20% of their income. Edit2 Looks like I should expect 40-60k SEK/mo as expected range for my salary 480k-720k SEK/yr. Uncheck "Betalar kyrkoskatt" as it is only for members of the Church of Sweden and use a Stockholm post number, such as 11762. Average rent range for an apartment in city of Stockholm. Further, any extra pay an employee receives is subject to an additional 12% vacation pay. We explain how to do it. Since this is the most expensive city in Sweden, you can be assured of a decent life with lower salaries, especially in rural areas. Typical meals at fast food restaurants like McDonalds come to $8.70. Edit3 Wife found this [youtube short movie] (https://www.youtube.com/watch?v=BL-3QvC6bq4) and now she is laughing/slightly freaking out about finding job in SWE since she would need to find a job. Would really appreciate answers and suggestions for all of you! 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. The cost of living for a family of four is $3,592 monthly, while a singles person monthly cost is $970.94 without rent. I am a software engineer and I did read all the comments. The salary you need to live comfortably is significantly lower if you reside in a more affordable town like Uppsala and Malmo. The average salary in Stockholm is 492k kr. As for the difficulty to find rentals i just wanted to link these statistics, you can play around under "omrde" to choose different areas. Yet, an employee will pay a significant amount in taxes on that income. Public sector employees in Sweden earn 5% more than their private sector counterparts on average across all sectors. People in top positions can easily get double or triple bonus rates than employees down the pyramid. How to compare your salary. If we go with the 3rd definition in Miriam-Websters English Dictionary > : allowing you to be relaxed : causing no worries, difficulty, or uncertainty Then I would say, minimally 30k SEK per month as a single person. Your rent can vary widely depending on location. The job of a surgeon is the number one highest-paying job in Sweden and rightly so. The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase. 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 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? Everything from 25 000-60 000 SEK is possible. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. Secondary schools for expats of Argentine origin. In 2020, the median income was 345,810 SEK annually across all genders or 28,817 SEK monthly. 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). In Sweden, chief financial officers (CFOs) are among the top earners, accumulating up to 143,000 Swedish Krona a month. Data also shows that the average household spends up to 31% of total expenditure on food. 2. The experience level is the most important factor in determining the salary. Sweden has been one of the most developed countries in Europe since the end of the Second World War. You can rent an apartment for approximately $979.59 to $1,959.17, depending on which area of Stockholm you decide to live in. Like many other parts of the world, the Swedish workweek is limited to 40 hours. The average cost of living in Stockholm per month is around 10.000 SEK per person without rent. 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 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. The benchmark salary you need to live a comfortable life in Sweden is about 4,000 EUR or 42,000 SEK before taxes per month. 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 truly is a haven for social welfare and high living standards. Instead, the government relies on collective agreements to determine fair salaries for employees. However, the tax differs as each municipality has a different percentage. Senior developers can get a LOT of money. College professors must also have more than 10 years of experience under their belt. Press J to jump to the feed. 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. The most typical earning is 600,728 SEK. This amount will leave you about32,130 SEK (3,064 EUR) after tax in Stockholm. The lowest monthly average salary in Stockholm is $1,201, and the highest monthly average is $21,310. My profession is software development project manager and I have 10 years of experience working in NYC in finance and tech. The third highest-paid professionals in Sweden are lawyers. Average monthly salary:141,000 SEK (12,200/ $16,700). Of course, sufficient experience is required, alongside abachelors or masters qualification in marketingor business studies. In Stockholm's richest inner-city . Also for many key personnel roles, one can get a Tax relief, http://forskarskattenamnden.se/forskarskattenamnden/summaryinenglish/taxreliefforforeignkeypersonnel.4.383cc9f31134f01c98a800018147.html, Thank you very much! Stockholm like much of Sweden is full of radical middle easterners especially Arabs.Safety is a big concern especially for women. This salary can afford you a decent lifestyle. 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. Also from the diagram, 75% of the population are earning less than 138,000 SEK while 25% are earning more than 138,000 SEK. Being a judge is certainly not easy money. As for your pay, it is hard to say. Additional pay could include cash bonus, commission, tips, and profit sharing. With a gross salary of 50,000 SEK (4,769 EUR), you will belong to the Swedish upper-middle class. If you are interested in the salary of a particular job, see below for salaries for specific job titles. 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. Typically enterprises in different sectors and industries set these minimum wages collectively depending on an employees age, experience, skill, or seniority. Pilots train in flight schools, embark on aviation-related college degree programmes, airline cadet pilot programmes, or join the Swedish Air Force. Essential utilities cost $102.74 monthly, and 1 minute of prepaid tariff costs $0.14. . Stockholm and Sweden, in general, is an expensive place to live IF you are not from their area. You can rent a good place and spend some money eating out and having fun in the city. 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. We are looking for contributors to help make this the ultimate guide for expats. don't expect to even be able to find a place to rent long term within the city limits. "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). To set yourself on this highly lucrative career path, you may need a CPA license and a masters degree in accounting, finance or business administration. On average, about 45% of your earnings will go to taxes. If your wage is between the average and the median, then things can be a bit complicated. Food is expensive, you will probably spend 6000 per month if you dont have any alcohol. A $42,312 annual income can afford a good car & apartment, food, eating out, and visiting places. The amount of the bonus will probably be different from person to person depending on their role within the organization. Even on the lower end, you can easily afford a one-bedroom apartment within the city center which costs about $1,250 per month. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. Those with well off parents usually buy an apartment early with some investment money instead of waiting in the queue. Their coverage is comprehensive and inexpensive compared to many public insurances. According to research by the EU, Sweden is the second most expensive European country when it comes to food and non-alcoholic drinks. In most cases, a salary review is conducted once education is completed and the degree has been attained. Additionally, the job must meet the following requirements: On the other hand, if youre not an EU citizen and want to be a permanent resident of Sweden, you must have been living in the country continuously for at least 5 years. Sweden, in particular, has over 100 trade unions and organizations that negotiate hourly work, overtime, and salaries for the workforce. Employees in Sweden are likely to observe a salary increase of approximately 8% every 16 months. Spotify is one of the biggest companies operating its head operations from Stockholm. Family of four estimated monthly costs: 4,108. Companies within thriving industries tend to provide higher and more frequent raises. For incomes above 616 100kr the state-income tax is changed to 25%. The job of a chief executive officer (CEO) offers excellent earning potential in Sweden due to the demanding nature of the role. Get in touch if you can provide useful info on your city or answer forum questions from new expats. for interest costs below 100 000kr you're allowed to deduct 30% of the interest cost from your income taxes. 50k sek is a very low salary add 100k to that more like it. Can I get help looking for an apartment or studio to rent in Sweden? This button displays the currently selected search type. Is Gothenburg will be safe? Nonetheless, Italy is the second largest manufacturing country in Europe. Its a fun and busy city; hence, you need to know what kind of lifestyle will suit you in this part of Sweden. At the same time, the average salary in Sweden in 2022 is 37,100 SEK per month (445,200 SEK). ), You can rent an apartment 60-85 sqm for 15 - 20 000 kr/month. 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. Sounds kinda similar to NYC situation :). I want to apply for master degree in Sweden. However, wages are discussed through workers unions which determine the salaries for particular industries. Typically, getting a job with such a high salary means youre most likely a manager. As in many countries, being among the highest earners in a country will afford you an upper-middle class lifestyle. The numbers are for first hand contracts and you're probably looking for second hand contracts in the beginning. Living in Canada vs France: Where Should You Move To? I'm happy of education system and I receive a child allowance (barnbidrag) tax free. Is it a good idea to take this offer? The amount of undeserved criticisms and outright racism on this page is ridiculously stunning and most surely not coming from Swedes. 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. My challenge is that I only have no understanding of living cost and average salary for Stockholm. Can anyone recommend an English speaking international school in Stockholm? In Stockholm, the money you need to live comfortably depends on your lifestyle choices. explanation: Up to incomes of 430 200kr you only pay the "Kommunalskatt" which for Stockholm municipalities is roughly 30%. 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. Thebest employers in Swedeninclude several major financial institutions, making this particular job role worthy of its lucrative salary. 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. All the salaries listed above are before tax. Teaching at a post-secondary level offers a high salary, but it doesnt come easy. Forget it! For comparison, below is another table with salary ranges for the most popular professions in Sweden. 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. Stockholm is a gorgeous, green and peaceful city. The numbers become more significant if you consider one job title at a time. This means that whether renting or buying, expats will likely find most places to . Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience. Naturally the more years of experience the higher the wage. Most jobs available in Sweden are for highly-skilled professionals. First of all - prices and society is pretty much structured around two working adults in a family. So: -430 200kr = 30% tax. You should be able to recover the costs in roughly a year or so. Its capital is also the hub for major companies in different sectors like tech start-ups, finance and telecommunications conglomerates. An apartment like the one you mentioned can be everything from 2 to 10 million SEK, depending on size, if it is located in fashionable neighbourhoods, close to a subway station and many other things. 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 . The figures mentioned above are good approximations and are considered to be the standard. The answer to this question largely depends on one's definition of being "rich". Dont move to Stockholm please, despite the high GDP of Sweden, its an extremely poor place in reality, listen to me first. A family get 480 days of paid parental leave for each kid to stay at home during the important initial phase of parenting, some of which is reserved for the father. Generally, a range of $2,942 $4,413 in net salary is pretty good for Stockholm. Male employees in Sweden earn 5% more than their female counterparts on avergae across all sectors. Homeowners and Swedes in general tend to take good care of the properties they own and live in. Heres the average salary for different jobs in Stockholm: Some of the highest-paid people in Stockholm are: Here are some of the best-paid jobs in Stockholm and average monthly salaries in 2022: Stockholm is home to several large companies in Sweden, especially tech startups and telecommunication conglomerates. Here are the prices for various grocery and food supplies in Stockholm: A one-way ticket on public transport costs $3.77, and you pay $93.75 for a monthly pass. The cost of living in Sweden is quite high, though it is showing signs of easing. It is important to stress on the fact that, despite the average salary in Sweden to be very attractive, the cost of living is also high. * Based on the average change in salary over time. Example:A graphics designer working for a graphics designing company. You can rent a good place and spend some money eating out and having fun in the city. Average monthly salary:94,000 SEK (8,100/ $11,100). However, the average expenditure for a single person is approximately 862 EUR before factoring in rent. Employees that support and facilitate the work of revenue generators. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. Are you considering moving to Sweden, and more specifically to its capital? Comparisons improve with every new data that you enter. Stockholm makes for one of the best and safest places in the World to live: one has also to learn how to read statistics. I don't plan on owning a car so I'd like to live in city of Stockholm rather than greater area of Stockholm. Men receive an average salary of 785,162 SEK. When I was living alone back in 2018 to 2019, I can go as low as 8.000 SEK per month without rent. Therefore, living in a bigger apartment with a roommate could be . In Sweden, you can even use public transport to get you to most national parks and regions further from the cities. It is usually 2 000-8 000 SEK for an apartment like the one you described. According to Statistics Swedes, the lowest salary for the highest-earning occupations in Sweden is 67,200 Swedish Krona. If you decide to live within Stockholm and not the suburbs, be prepared for some hefty rent bills. 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. That is equivalent to slightly more than 3400 US dollars per month. Sweden is known for its high living standards and organized society. I didn't really consider that option! Agile and SCRUM masters are decently in demand. There are also a couple of deductions you can make: "Rnteavdrag": You can make a deduction from your income tax if you have a loan with interest. 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. Ostermalm felt quite posh and upscale. Pay a minimum monthly salary of 1,245 EUR before tax, Have been advertised for a minimum of 10 days in the EU/EEA, Must meet employment terms matching those set by the country or an occupation/industrys customary collective agreements. 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. 15% down payment is required. We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings. If you have a family, youll afford an even better lifestyle if your partner makes approximately the same amount. Also read our article about living as an American in Sweden, so you know what to expect when moving here. According to my research, you should be able to live comfortably on that salary, even if you are sending money home each month. 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. Terms of Use and 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. This is normally only done for your first job, i.e. Black Church, St. Marys Place, Dublin 7, Ireland. 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. I lived 10 years back in Stockholm as a student. Generally, a $4,000 - $4,395 gross monthly income in Stockholm is considered good for a single. hey i'm from somalia and live in sweden. Youll also get money for services like healthcare, insurance, and education. Being a judge is certainly not 'easy money'. These numbers represent the median, which is the midpoint of the ranges from our proprietary Total Pay Estimate model and based on salaries collected from our users. For rent, you could be paying anywhere between 7,000 and 18,000 SEK each month for a one bedroom apartment. It is important to stress on the fact that, despite the average salary in Sweden to be very attractive, the cost of living is also high. Please help! Some states, like New York, require $95,724 to live comfortably, but in other states,. It might be a good option if you going for a long travel. For a typical family of four, the average living cost without rent is 3,082 EUR, according to Numbeo. However, the existence of trade unions that bargain on behalf of employees makes the system work better than many government-based minimum wages. Reading from the salary distribution diagram, 25% of the population are earning less than 28,200 SEK while 75% of them are earning more than 28,200 SEK. Ideally 85 sqm. I mean they may seem to be high, but here the range of salaries is quite narrow. When expanded it provides a list of search options that will switch the search inputs to match the current selection. The landlord can actually not cancel the lease unless you are being disruptive or destroying the apartment. Become our local expat expert for your area! Granted upon achieving an important goal or milestone. That is especially the case in Stockholm and its housing market. There's usually a 3 month cancellation period. Are you thinking of living and working in Stockholm? Average monthly salary:60,400 SEK (5,200/ $7,100). GoBankingRates determined the "living wage" necessary to live comfortably in each US state late last year. 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. Each additional bedroom will bump up the price by about 1,000 EUR. Sending you PM. Mellan 430 200 kr och 616 100 kr r den statliga skatten 20 procent p den beskattningsbara frvrvsinkomsten. It has the 7th highest human development index, making it one of the best countries to live in. Don't rent, buy. 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. Becoming a Police Officer in the USA as a foreigner. Angela is a passionate freelance writer who enjoys putting a unique spin on topics like career advice, entertainment, translation and health. Living in Canada vs France: Where Should You Move To? 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. Most companies use a 6 month probation period, during which you are on at-will-employment. A top-tier salary starts at 60,000 SEK (5,722 EUR) per month. According to various sources, here is the average cost of living for different Swede cities. CareerAddict is a registered trademark of source: former NYC resident living in stockholm. This city had 2350 entries in the past 12 months by 358 different contributors. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level. This article is an updated version of an earlier article originally published in March 2015. 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. After obtaining a BA in Media and Communications, she decided to launch her own showbiz-themed website TellTalesOnline.com. 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. It has plenty of destinations to explore too. These medical professionals work long hours, are constantly on-call, and must deal with life and death situations daily. A good salary in Sweden depends on whether youre a family or a single person. Otherwise you will have to spend hundreds of hours just to find a second hand rental apartment that will cost you 15-20k SEK for a small apartment, food will be 6-10k if you eat outside sometimes (cheap food). The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. Thank you. It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? What is the average cost of living in Stockholm per month? Your net salary will differ significantly from your gross, depending on where you reside and your total pay. Nonetheless, Italy is the second largest manufacturing country in Europe. Currently in Downtown Brooklyn and work is in Manhattan. 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. I grew up in Queens, lived all over the area. Put simply, judges determine peoples fates. Like in many other countries around the world, the highest-paying jobs in Sweden are those which require lengthy education and training, as well as dedication and great responsibility. 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? I could imagine that you could ask easily for 45000+ SEK (monthly before taxes). Marketing directors have the responsibility of increasing revenue and generating business for the organisations they work for. Siri rejected Subedi on the basis of formodning, which translates to "presumption" or "suspicion", meaning the case officer thought the salary he was being offered, which met the 448,000 kroner per year minimum for the Pay Limit Scheme, was unrealistically high based on the position in question and his qualifications.. Hence, the good annual salary for the average Swedish employee totals approximately 53,832 EUR gross and 39,588 EUR net. To learn more about salaries in Sweden, read another article. Single, in my mid 20s and currently looking to make a career move. 21 High Paying Jobs That Don't Require a College Degree! It just seems that COL has skyrocketed across all developed nations, so Stockholm no longer stands out. Privacy Policy. Stockholm is more expensive than any other city in Sweden, both in the cost of living and housing; hence, earning anything above $4,000 gross is considered a fair wage. 1. However, average wages vary from 26,000 SEK and 35,000 SEK, where 32,000 SEK is the median salary. Copyright 2016 Globe Media Ltd. All rights reserved. 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). If your salary is higher than both of the average and the median then you are doing very well. 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. Hourly jobs pay per worked hour. Most jobs in Stockholm need professionals who get a good annual salary. Closely related to the median are two values: the 25th and the 75th percentiles. great place. This amount can afford you a good lifestyle. 548227, reg. Can I cater for my food intolerance in Malm, Sweden? Average monthly salary: 141,000 SEK (12,200/ $16,700) Yet another high-paying job in the legal sphere is that of a judge. 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. What is a good salary to survive in us? Sweden is one of the most popular European destinations for expats. I think it was 450k SEK/yr? 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. Whether you plan on moving to Sweden to embark on a well-paidcareer abroad, or you are merely interested in knowing which professionals make a killing, heres a list of the top 10 highest-paying jobs in Sweden. Its a horrible city UNLESS you have rich parents (like many native Stockholmers do). This puts you in a position to live a comfortable life in Sweden.