This salary can afford you a decent lifestyle. Social security: social security contributions are paid by the employer, which may come up to 31.42%. The experience level is the most important factor in determining the salary. 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. If you decide to live within Stockholm and not the suburbs, be prepared for some hefty rent bills. As most of the country remained intact during the conflict, Sweden had a great advantage to provide services and products to rebuild the continent. Example:A graphic designer in the marketing department of a hospital. For rent, you could be paying anywhere between 7,000 and 18,000 SEK each month for a one bedroom apartment. 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 . Like many other parts of the world, the Swedish workweek is limited to 40 hours. Rents are generally costlier in major cities such as Stockholm. Its no surprise that the professionals who fly high are also the most paid workers in Sweden. Want to move to Sweden but dont have a job offer yet? Get in touch if you can provide useful info on your city or answer forum questions from new expats. Some basic references: 1 beer = c.60 SEK / $7 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. If you are interested in the salary of a particular job, see below for salaries for specific job titles. These certified professionals advise and represent clients in criminal and civil proceedings, conduct research and prepare legal documents. I'll be doing same role in Stockholm. 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. What would be average salary for someone like me in Stockholm working in technology sector? Please try again later. Other than vacation days, employees in Sweden enjoy 13 public holidays each year. Average monthly salary:101,000 SEK (8,700/ $12,000). In this article, w look at salary ranges in the Swedish capital and briefly review the cost of living. Black Church, St. Marys Place, Dublin 7, Ireland. All taxable income employees should file and submit a tax return to the tax office before 2 May after the tax year. As a reference, the salary for a McDondalds cashier is hovering around 137 Swedish Krona, or roughly 14 USD per hour. Most jobs in Stockholm need professionals who get a good annual salary. Dating Guide: our dating guide will help you not only to find love but to understand the social customs of each country. The median represents the middle salary value. According to Statistics Swedes, the lowest salary for the highest-earning occupations in Sweden is 67,200 Swedish Krona. Its easier to find a cheap alternative for a person knowing the city well. 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. 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. The average stamp duty in Stockholm is 1.5% 2%. Everything is relative and therefore if you have a Stockholm wage, things here are more agreeable. It is followed by Gothenburg and Uppsala. Stockholm is the most expensive city in Sweden. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. That is around 36,000 SEK after tax which is $3,526.51 monthly and $42,312 annually. This amount can afford you a good lifestyle. 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). However, wages are discussed through workers unions which determine the salaries for particular industries. These figures tend to change frequently. Public transport is good but expensive, but paying for parking is even worse. Women receive a salary of 651,315 SEK. Earning around $4,395 (45,000 SEK) gross monthly salary in Stockholm is considered a good income. Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. explanation: Up to incomes of 430 200kr you only pay the "Kommunalskatt" which for Stockholm municipalities is roughly 30%. For incomes above 616 100kr the state-income tax is changed to 25%. Being a judge is certainly not 'easy money'. You can read more about the collective agreements in the hospitality industry here (in Swedish). 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). One major difference between salaried employees and hourly paid employees is overtime eligibility. There's a great work opportunity coming for me based in Stockholm but I haven't received the job offer yet because I am still going through the final stages of the recruitment process. That's how most people live. If you have a family, youll afford an even better lifestyle if your partner makes approximately the same amount. Spotify is one of the biggest companies operating its head operations from Stockholm. In Stockholm's richest inner-city . Listed above are the average annual increase rates for each industry in Sweden for the year 2022. Sweden is one of the most popular European destinations for expats. Heating, hot and cold water and the basic cable TV channels are usually included in rent. GoBankingRates determined the "living wage" necessary to live comfortably in each US state late last year. Yet, an employee will pay a significant amount in taxes on that income. In Sweden, chief financial officers (CFOs) are among the top earners, accumulating up to 143,000 Swedish Krona a month. Those who got bonuses reported rates ranging from 3% to 5% of their annual salary. Sweden might not have the highest salaries in Europe, but theres a reason the country has one of the lowest poverty rates globally. 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 You can only get a work permit in Sweden if you have an official employment offer from a Swedish employer. Single, in my mid 20s and currently looking to make a career move. Homeowners and Swedes in general tend to take good care of the properties they own and live in. 2021-02-04. Mellan 430 200 kr och 616 100 kr r den statliga skatten 20 procent p den beskattningsbara frvrvsinkomsten. At minimum 60 sqm. Instead, the government relies on collective agreements to determine fair salaries for employees. An extra bedroom will cost you $1,063. Embarking on one of these careers certainly promises a long journey, but their hefty salaries are worth the effort and the wait. Yet another high-paying job in the legal sphere is that of a judge. 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. If your wage is between the average and the median, then things can be a bit complicated. Copyright 2016 Globe Media Ltd. All rights reserved. Daycare is heavily subsided, good quality and very affordable (being a daycare teacher is actually a university level education here). For instance, a one-bedroom apartment in the Swedish capital costs at least 1,400 EUR. You can take a look at our Accommodation in Stockholm page for some advice on finding a home. 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. Galma Stan was beautiful and very touristy. Housing queues are 5-30 years long depending on your standards. Further, any extra pay an employee receives is subject to an additional 12% vacation pay. For interest costs above 100 000kr it's 21%. Agile and SCRUM masters are decently in demand. 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. 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. Forget it! ago. I'm not sure if these are the right expectations I should have. The average salary in Stockholm is 492k kr. The pay varies a lot depending on wether you are an "administrative assistant" project leader or "manager with pay-setting role for several employees" project leader or "senior developer turned project lead" project leader. There are several reasons for these differences, such as taxes, cost of living, job . Hence, the good annual salary for the average Swedish employee totals approximately 53,832 EUR gross and 39,588 EUR net. 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. Sweden boasts some of the best benefits in the world such as affordable healthcare, generous vacation time and free education. The estimated additional pay is SEK 42,142 per month. If your employer is expecting you to have the "provanstllning", that's a bad sign (really really bad financial situation and/or your coworkers won't be anything to brag about). The gross salary of 30,000 SEK a month is quite common. Hej Stockholm redditors - I currently live in USA and I've been interviewing for a job in Stockholm. You can rent a good place and spend some money eating out and having fun in the city. Sending you PM. For incomes above 616 100kr the state-income tax is changed to 25%. 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. 2. So: -430 200kr = 30% tax. One of the biggest expenses anywhere in Sweden is housing costs. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. This salary can afford you a decent lifestyle. Average monthly salary:107,000 SEK (9,200/ $12,600). This is the average monthly salary including housing, transport, and other benefits. Just like some other highly developed European nations, Sweden does not have an official minimum salary. Example:A graphics designer working for a graphics designing company. However, looking at other places, Stockholm seems to be doing OK-ish in comparison. In fact, Sweden has been ranked as one of thebest countries to work in. The job of a surgeon is the number one highest-paying job in Sweden and rightly so. Your costs should be slightly lower for a one-bedroom apartment outside the city center at 10,282.61 SEK ($1,053.14) monthly. These medical professionals work long hours, are constantly on-call, and must deal with life and death situations daily. for interest costs below 100 000kr you're allowed to deduct 30% of the interest cost from your income taxes. The answer to this question largely depends on one's definition of being "rich". Other than having sound judgement and excellent communication skills,becoming a lawyerin Sweden requires a high level of proficiency in Swedish. Become our local expat expert for your area! All the salaries listed above are before tax. After obtaining a BA in Media and Communications, she decided to launch her own showbiz-themed website TellTalesOnline.com. Sweden is one of the best countries when it comes to holidays for its employees. Granted upon achieving an important goal or milestone. I'm hoping to find out what would be. According to Statista, some of the highest paying jobs in Sweden in 2022 include: 40,000 SEK is equivalent to 3,829 EUR, which is just shy of the countrys average. Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level. 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. Each additional bedroom will bump up the price by about 1,000 EUR. Naturally the more years of experience the higher the wage. I thought city of Stockholm was only composed of Norrmalm, Ostermalm, Sodermalm, Kungsholmen, Galma Stan, and Vasastan. Generally, a decent house around Maslak would be more than 1k euros, yes. Teaching at a post-secondary level offers a high salary, but it doesnt come easy. Essential utilities cost $102.74 monthly, and 1 minute of prepaid tariff costs $0.14. This demanding role requires you to have sufficient experience and a relevant degree in a chosen field. A $42,312 annual income can afford a good car & apartment, food, eating out, and visiting places. By its very nature much of the information in this travel guide is subject to change at short notice and travellers are urged to verify information on which theyre relying with the relevant authorities. 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. It will also help you to avoid dating scams around the internet and find people really interested in honest relationships. 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. Stockholm, the country's capital city, is by far the most expensive place in the country. Remember, these salaries are before tax. I've been very fortunate and now entering into negotiation phase. Living in Canada vs France: Where Should You Move To? 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. Those with well off parents usually buy an apartment early with some investment money instead of waiting in the queue. It is a professional recognition. Salaries range from 12,400 SEK (lowest average) to 220,000 SEK (highest average, actual maximum salary is higher). Sodermalm I could clearly tell is 'Brooklyn' of Stockholm. 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. Pilots train in flight schools, embark on aviation-related college degree programmes, airline cadet pilot programmes, or join the Swedish Air Force. 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. 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. Living outside of the city centre will dramatically decrease your costs, as will choosing to live in a studio apartment as opposed to a one bedroom. Salaried jobs pay a fix amount regardless of the hours worked. What kind of jobs are available for expats in Ireland/Europe? Trends in wages decreased by -100.0 percent in Q4 2022. The average local tax in Sweden is 32.34%. That translates to a gross monthly salary of 28,508 SEK ($2,745) for women and 32,308 SEK ($3,111) for men. 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. 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. The numbers seem to support this tactic. That is equivalent to slightly more than 3400 US dollars per month. A good salary in Sweden depends on whether youre a family or a single person. Considering your living expenses may range between 1,723 EUR to 2,393 EUR depending on the size of your family, 40,000 SEK is just enough to live on and have a few hundred pounds to save. 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. 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. Salaries across the United States vary according to geographical location, even when other factors such as job title, experience and industry are the same. Single person estimated monthly costs: 2,204. 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. 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. When you mean 3500-6000 SEK/mo fee on top of loan. (After tax about 27-40 000. I don't go out a lot (maybe 3/4 times a . Make sure you ask your employer what their policy on the matter is - some do not use it, some might agree to a shorter probation period. so 55% tax for incomes above 616 100kr. Despite the challenging nature of this job, however, this high-demand role has a lucrative salary of up to 255,000 Swedish Krona. 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. Travel Economics for Expats and Travelers. 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. I could imagine that you could ask easily for 45000+ SEK (monthly before taxes). 2. So who gets paid more: men or women? 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. Cities such as Nykvarn and Sdertlje are much cheaper. Everything from 25 000-60 000 SEK is possible. With a gross salary of 45,000 SEK per month, you pay about 45% of it in taxes. While the country has some of the highest taxes, the social benefits you get as a result are nothing to scoff at. How is an offer of 45K SEK? Indeed, the job of a pilot pays a great salary of up to 102,000 Swedish Krona. Below is a tabular representation of what you can expect to pay for different food products in Sweden. I am a native Swede that used to live in Stockholm and I agree with the expats on this website. Closely related to the median are two values: the 25th and the 75th percentiles.