what is a good salary to live in stockholm

Distribution of Expenses Using Our Statistical Model: Copyright 2009-2023 Numbeo. Salaries vary drastically between different careers. Black Church, St. Marys Place, Dublin 7, Ireland. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Are you really considering to work and live abroad, temporarily or permanently? 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. Finding an apartment in Stockholm can be at times harder than landing a job, as the capital currently faces a strong residential deficit. Some basic references: 1 beer = c.60 SEK / $7 You may also want to check our website guides: Train Travel Guide: in our railway travel guide, you will learn how to choose and ride the most scenic train routes around the world. I want to apply for master degree in Sweden. The cost of living in Sweden is quite high, though it is showing signs of easing. Salaries range from 12,400 SEK (lowest average) to 220,000 SEK (highest average, actual maximum salary is higher). Stockholm | Average Salary Survey 2023 The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. Below is data showing how you can get around in Sweden and how much it will cost you. A Master's degree program or any post-graduate program in Sweden costs anywhere from 226,000 Swedish Krona(s) to 677,000 Swedish Krona(s) and lasts approximately two years. 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. Salaries in Stockholm range from 12,400 SEK per month (minimum salary) to 220,000 SEK per month (maximum average salary, actual maximum is higher). Regarding the 6 month "provanstllning" (probation period mentioned in comment). How much money you need to make to live comfortably in every state in 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. You should be able to recover the costs in roughly a year or so. That translates to a gross monthly salary of 28,508 SEK ($2,745) for women and 32,308 SEK ($3,111) for men. It also coversabout remote work and TEFL jobs. 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. Salaries range from 12,400 SEK (lowest average) to 220,000 SEK (highest average, actual maximum salary is higher). I apologize ahead if questions I'm about to ask come across stupid. Cost of Living in Sweden - 2023 prices. - Expatistan, cost of living A good salary in Sweden depends on whether youre a family or a single person. Male employees in Sweden earn 5% more than their female counterparts on avergae across all sectors. The average stamp duty in Stockholm is 1.5% 2%. Those who are drawn to teaching and have a passion for education can become college professors. No related content found. Im from India and single. 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. The answer to this question largely depends on one's definition of being "rich". You also have to expect a 3500-6000SEK monthly fee on top of the loan. Stockholm makes for one of the best and safest places in the World to live: one has also to learn how to read statistics. Typically, getting a job with such a high salary means youre most likely a manager. I don't go out a lot (maybe 3/4 times a . The decision really depends on your situation and experience among many other factors. Though gender should not have an effect on pay, in reality, it does. 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. Parking is 100 SEK/hour in Stockholm and its almost impossible to find parking, forget commuting to work with a car, its either the bus or subway unless you are a multi millionaire. I moved to Stockholm during 2020 with a child and I work as senior electronic engineer. This. In this article, w look at salary ranges in the Swedish capital and briefly review the cost of living. 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'm happy of education system and I receive a child allowance (barnbidrag) tax free. I'm not sure if these are the right expectations I should have. Living in Canada vs France: Where Should You Move To? Put simply, judges determine peoples fates. 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. Example:A graphics designer working for a graphics designing company. If your salary exceeds a certain income threshold, you pay an additional 20% to the Swedish Tax Agency. I've tried googling and various Swedish job/rental sites via Google Translate and I'm still clueless. Sweden, like other Nordic countries, doesnt have a minimum wage. I want to live in Sweden I have PR in Italy could someone help me to find job & living in Stockholm. Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines. How about if I rent a studio apartment? In Sweden, chief financial officers (CFOs) are among the top earners, accumulating up to 143,000 Swedish Krona a month. That is equivalent to slightly more than 3400 US dollars per month. I just got a 50k SEK (before tax) in Stockholm offer. It is followed by Gothenburg and Uppsala. 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. However, the Swedish government compensates for the high taxes by offering some of the most lucrative career paths in Europe. Hourly Wage = Annual Salary ( 52 x 5 x 8 ), 8 exciting careers for people who like to travel, 9 deadly resume mistakes that you must avoid, 10 annoying office habits we are all suffering from, 10 job hunting mistakes everyone is making, 25 salary increase request email templates with proven results. The Swedish tax system deducts a local levy on employees annual incomes. Those figures should be taken as general guidelines. Rome or Milan? Employees that are directly involved in generating revenue or profit for the organization. Average monthly salary: 141,000 SEK (12,200/ $16,700) Yet another high-paying job in the legal sphere is that of a judge. Even on the lower end, you can easily afford a one-bedroom apartment within the city center which costs about $1,250 per month. Which is the Best City to Visit. Generally, a $4,000 - $4,395 gross monthly income in Stockholm is considered good for a single. City natives usually live with their parents way into their 20s due to how hard it is to get housing. The numbers seem to support this tactic. Teaching at a post-secondary level offers a high salary, but it doesnt come easy. You also have to add 31,42 % Social fees that the employer pays on your salary. That is especially the case in Stockholm and its housing market. Its high living standards, free education, generous vacation time, and extremely affordable healthcare makes it a big hit among immigrants looking to move and work abroad. Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree. 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. Marketing directors have the responsibility of increasing revenue and generating business for the organisations they work for. You can feed in your presumptive pay here and see how much your take home pay would be. 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. Space being at least 60 sqm to ideally 85 sqm. Where can you get paid more, working for a private company or for the government? According to Statistics Swedes, the lowest salary for the highest-earning occupations in Sweden is 67,200 Swedish Krona. 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. 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. . I'll be doing same role in Stockholm. These certified professionals advise and represent clients in criminal and civil proceedings, conduct research and prepare legal documents. This demanding role requires you to have sufficient experience and a relevant degree in a chosen field. You don't see this as a tax but this is a cost to the employer. 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. Edit: I messed it up a bit, it is common that your employer pays in your income tax, the "jobbskatteavdrag" is added to your tax return. The estimated additional pay is SEK 42,142 per month. Another question I have is the pricing of rent. 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. Hej Stockholm redditors - I currently live in USA and I've been interviewing for a job in Stockholm. Sweden might not have the highest salaries in Europe, but theres a reason the country has one of the lowest poverty rates globally. 21 High Paying Jobs That Don't Require a College Degree! Generally, a $4,000 $4,395 gross monthly income in Stockholm is considered good for a single. Homeowners and Swedes in general tend to take good care of the properties they own and live in. Food is expensive, you will probably spend 6000 per month if you dont have any alcohol. 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). However, the existence of trade unions that bargain on behalf of employees makes the system work better than many government-based minimum wages. Secondary schools for expats of Argentine origin. Living in comfortably in Stockholm varies from place to place. Thank you for the info. Moving for a job in Italy isn't that common, given its relatively weak economic position compared to other EU countries. 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. 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. A person working in Stockholm typically earns around 49,200 SEK per month. If youre thinking about taking out private health insurance, our trusted partner Cigna Global is very aware of all the difficulties that expats can face when it comes to healthcare in a new location, so they have created a range of international health insurance plans specifically designed for expats, which you can tailor exactly to the needs and ensure access to quality care for you and your family. BahtiyarKopek 23 hr. Comparisons improve with every new data that you enter. ), You can rent an apartment 60-85 sqm for 15 - 20 000 kr/month. Cost of Living in Stockholm. Mar 2023. Prices in Stockholm - Numbeo Additional pay could include cash bonus, commission, tips, and profit sharing. At minimum 60 sqm. I'm hoping to find out what would be. Massa promises that the 'Malbec dollar' will start in April and asked 2K/month is very good. Read about salaries in Stockholm. According to research by the EU, Sweden is the second most expensive European country when it comes to food and non-alcoholic drinks. Companies within thriving industries tend to provide higher and more frequent raises. Luckily, most Swedish landlords offer some utilities such as water, electricity, heating, or Wi-Fi as part of the package. It is a professional recognition. Social security: social security contributions are paid by the employer, which may come up to 31.42%. 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). Swedes earn approximately 3,338 EUR (35,000 SEK) every month or 40,056 EUR (420,000 SEK) annually before tax. 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 Salaried employees are usually exempt from overtime as opposed to hourly paid staff. Buying a house in Stockholm is reserved for the rich. Work-life balance rating: N/A. Of course, sufficient experience is required, alongside abachelors or masters qualification in marketingor business studies. In 2020, the median income was 345,810 SEK annually across all genders or 28,817 SEK monthly. 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. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. Fee = taxes, maintenance, utilities, etc.? Nonetheless, Italy is the second largest manufacturing country in Europe. Listed above are the average annual increase rates for each industry in Sweden for the year 2022. (After tax about 27-40 000. Assuming you live in Stockholm, your net pay will be approximately 2,932 EUR (30,747 SEK). Any ball park estimate on rent for 1bedroom all the way up to 2bedroom? 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. 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. 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. in Stockholm, Average Salary (Government Statistics Agency), Analysis of our Consumer Price Basket in Stockholm, Meal for 2 People, Mid-range Restaurant, Three-course, McMeal at McDonalds (or Equivalent Combo Meal), Beef Round (1kg) (or Equivalent Back Leg Red Meat), Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car), Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car), Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment, 1 min.