what is a good salary to live in stockholm

I mean they may seem to be high, but here the range of salaries is quite narrow. Sweden is known for its high living standards and organized society. A top-tier salary starts at 60,000 SEK (5,722 EUR) per month. All the salaries listed above are before tax. Housing queues are 5-30 years long depending on your standards. 50k sek is a very low salary add 100k to that more like it. All data are based on 972 salary surveys. Also read our article about living as an American in Sweden, so you know what to expect when moving here. Hence, what you need for a comfortable life as a single adult will differ vastly if you add a partner and children. Indeed, the job of a pilot pays a great salary of up to 102,000 Swedish Krona. To become a professor, you will need a bachelors and a masters degree, and often, a PhD degree. Globe Media cannot accept any responsibility for any loss or inconvenience to any person as a result of information contained above. You can feed in your presumptive pay here and see how much your take home pay would be. Average monthly salary:80,600 SEK (6,960/ $9,500). 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. I moved to Stockholm during 2020 with a child and I work as senior electronic engineer. 21 High Paying Jobs That Don't Require a College Degree! 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. This is mainly due to inflation, rising renting and food prices, and, therefore, a required increase in salaries. Housing queues are 5-30 years long depending on your standards. I've tried googling and various Swedish job/rental sites via Google Translate and I'm still clueless. I make 36k as a software developer, and I'm able to live very comfortably off that, providing for both myself and my girlfriend. This puts you in a position to live a comfortable life in Sweden. I get by on a low salary here and I can even save money each month. 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. 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. 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. As in many countries, being among the highest earners in a country will afford you an upper-middle class lifestyle. Employees that support and facilitate the work of revenue generators. 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! From the initial job search, to bargaining salaries, this guide will help you to find job in most countries around the world. 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. 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. How is an offer of 45K SEK? I thought city of Stockholm was only composed of Norrmalm, Ostermalm, Sodermalm, Kungsholmen, Galma Stan, and Vasastan. At the same time, the average salary in Sweden in 2022 is 37,100 SEK per month (445,200 SEK). Check theaverage and minimum salary in Stockholm, Swedenand understand better the chances of building a career in this Nordic country. The amount of money you need to live comfortably in Sweden depends on multiple factors. You can't really expect any salary increases during the study period, assuming you already have a job. For rent, you could be paying anywhere between 7,000 and 18,000 SEK each month for a one bedroom . Want to move to Sweden but dont have a job offer yet? Some basic references: 1 beer = c.60 SEK / $7 Don't rent, buy. Still, work-life balance isn't a one-size-fits-all measurement when it comes to different industries. See. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. They also require a student pilot license (SPL) and private pilot license (PPL) to embark on this career. Average monthly salary:60,400 SEK (5,200/ $7,100). In Sweden, chief financial officers (CFOs) are among the top earners, accumulating up to 143,000 Swedish Krona a month. The hourly wage is the salary paid in one worked hour. Living in comfortably in Stockholm varies from place to place. 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. Minimum salaries are generally negotiated through workers unions. PM me for other questions. I don't plan on owning a car so I'd like to live in city of Stockholm rather than greater area of Stockholm. You can rent a good place and spend some money eating out and having fun in the city. Note that in Sweden you do not buy the apartment - you buy the right to live in it, and to become a member of the HOA style union that maintains the buildings and handles collective utilities. Salaries across the United States vary according to geographical location, even when other factors such as job title, experience and industry are the same. If this picture on wikipedia is accurately depicting Stockholm boroughs. 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. 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. Both are indicators. 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. Average Monthly Costs in Uppsala (without rent) Their coverage is comprehensive and inexpensive compared to many public insurances. You can rent a good place and spend some money eating out and having fun in the city. Distribution of Expenses Using Our Statistical Model: Copyright 2009-2023 Numbeo. The cost of living for a family of four is $3,592 monthly, while a singles person monthly cost is $970.94 without rent. As an immigrant, traveling throughout the country might be among the things you intend to do. 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. Besides, a single person will need approximately 1,979 EUR (20,759SEK) to live comfortably in Sweden (including renting an apartment). Stockholm, the country's capital city, is by far the most expensive place in the country. Social security: social security contributions are paid by the employer, which may come up to 31.42%. Geographical location. 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. 548227, reg. Average monthly salary:141,000 SEK (12,200/ $16,700). Please help! Average monthly salary:90,600 SEK (7,800/ $10,700). I apologize ahead if questions I'm about to ask come across stupid. This salary can afford you a decent lifestyle. Hence, the good annual salary for the average Swedish employee totals approximately 53,832 EUR gross and 39,588 EUR net. The average salary in Stockholm is 492k kr. 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. Generally, a $4,000 $4,395 gross monthly income in Stockholm is considered good for a single. 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. 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. Life cost is comparable to that I experienced in Germany, North Italy and South France, where I lived previously. However, as usual, money solves most things. There are many useful information and i appreciate it. 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. 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. According to a study done by Nestpick, Stockholm is one of the top 30 countries in the world for LGBTQ people, with it scoring particularly highly in terms of LGBT rights, dating and openness. 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). 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. so 55% tax for incomes above 616 100kr. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. Hi! Most refugees Sweden received in the past few years have been unable to land a steady job in the Swedish market. A good salary to live comfortably in the UK vary greatly depending on where you live and what type of lifestyle you choose. First of all - prices and society is pretty much structured around two working adults in a family. Would really appreciate answers and suggestions for all of you! 15% down payment is required. On the other hand, the highest compensation for the countrys lowest-paying occupations is 25,600 SEK. In Stockholm, the money you need to live comfortably depends on your lifestyle choices. Closely related to the median are two values: the 25th and the 75th percentiles. Swedens capital is a great place to live in, offering you a mix of urban & natural and old & new. Aware this has been asked before but I'd like a 2023 update. great place. Press J to jump to the feed. 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). So who gets paid more: men or women? This is a. The Swedish tax system deducts a local levy on employees annual incomes. Your net salary will differ significantly from your gross, depending on where you reside and your total pay. What kind of jobs are available for expats in Ireland/Europe? 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. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. A salary of $4,400 can afford you a comfortable lifestyle in Stockholm as a single or even as a parent. It has plenty of destinations to explore too. 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. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. However, I did the research for the possible compensation offer this company is going to give me and it's a little lower than the overall market value for this role however, they have good benefits. The cost of living in Stockholm is NaN percent lower than the national average. Get access to our salary comparison calculator by signing up. Shopping for clothes and other small living needs. Good luck with retning one for that price. If you are interested in the salary of a particular job, see below for salaries for specific job titles. Your use of this service is subject to our. Yet another high-paying job in the legal sphere is that of a judge. Average Monthly Costs in Stockholm (without rent) Family of four 34,000 SEK 3,900 USD Single person 12,000 SEK 1,400 USD. College professors must also have more than 10 years of experience under their belt. Uncheck "Betalar kyrkoskatt" as it is only for members of the Church of Sweden and use a Stockholm post number, such as 11762. Terms of Use and I am a native Swede that used to live in Stockholm and I agree with the expats on this website. Women receive a salary of 651,315 SEK. Not a good city for those who are not already established. With an abundance of supervising responsibilities, bank managers require proven management experience and relevant qualifications such as a bachelors degree in business administration. 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.. 2. According to Swedish labor laws, every employee is entitled to 25 vacation days each year. In fact, Sweden has been ranked as one of thebest countries to work in. GoBankingRates determined the "living wage" necessary to live comfortably in each US state late last year. In the United States, 80k a year is in the top 30 percentile of . Those who are drawn to teaching and have a passion for education can become college professors. Salary Explorer The certifications demonstrate that the certification holder will have practical and theoretical knowledge of particular Amazon systems and the job responsibilities. It is usually 2 000-8 000 SEK for an apartment like the one you described. The gross salary of 30,000 SEK a month is quite common. Is it a good idea to take this offer? Thank you. This article explains everything related to Swedish wages and what you can expect to get paid and spend. Employees that are directly involved in generating revenue or profit for the organization. Other than having sound judgement and excellent communication skills,becoming a lawyerin Sweden requires a high level of proficiency in Swedish. If you have a family, youll afford an even better lifestyle if your partner makes approximately the same amount. 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). 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 Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. 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! Sodermalm I could clearly tell is 'Brooklyn' of Stockholm. 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. Tobecome a CEO, its also essential that you have outstanding leadership, decision-making and managerial skills. Answer (1 of 2): This depends on your definition of comfortable. Please try again later. On the other hand, the further you venture outside major cities, the more affordable the rents. Your costs should be slightly lower for a one-bedroom apartment outside the city center at 10,282.61 SEK ($1,053.14) monthly. This type of apartment is between 3.5-5Msek, depending on area (not very posh though). Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. I earn 43k sek per month and it's enoung for us to live. Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree. Here are the current income taxes in the country (2022): That means higher-income individuals get taxed over 50%.