Average monthly salary: 141,000 SEK (12,200/ $16,700) Yet another high-paying job in the legal sphere is that of a judge. 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. 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. 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 . Some states, like New York, require $95,724 to live comfortably, but in other states,. One major difference between salaried employees and hourly paid employees is overtime eligibility. 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. 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. Yet another high-paying job in the legal sphere is that of a judge. Typical meals at fast food restaurants like McDonalds come to $8.70. Senior developers can get a LOT of money. For instance, a one-bedroom apartment in the Swedish capital costs at least 1,400 EUR. I lived 10 years back in Stockholm as a student. If you are interested in the salary of a particular job, see below for salaries for specific job titles. All the salaries listed above are before tax. Example:A graphic designer in the marketing department of a hospital. Orthodontists help patients improve their oral health by correcting teeth and jaw misalignments. A salary of $4,400 can afford you a comfortable lifestyle in Stockholm as a single or even as a parent. According to Statistics Swedes, the lowest salary for the highest-earning occupations in Sweden is 67,200 Swedish Krona. Of course, sufficient experience is required, alongside abachelors or masters qualification in marketingor business studies. The rent market in Stockholm is regulated and pretty hard to get into, especially in central Stockholm. Since this is the most expensive city in Sweden, you can be assured of a decent life with lower salaries, especially in rural areas. source: former NYC resident living in stockholm. I earn 6kSek per month (around 4k net wage) and I pay 1400Sek (rent+consumptions) per month in Sdermalm for a 40 sqm apartment. great place. Are you really considering to work and live abroad, temporarily or permanently? Sweden has been one of the most developed countries in Europe since the end of the Second World War. Nonetheless, Italy is the second largest manufacturing country in Europe. On the other hand, the further you venture outside major cities, the more affordable the rents. The average stamp duty in Stockholm is 1.5% 2%. As of 2023, in the hotel and restaurant industry, the minimum salary in Sweden is of 24339 SEK or 2400 USD. It just seems that COL has skyrocketed across all developed nations, so Stockholm no longer stands out. 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. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. For rent, you could be paying anywhere between 7,000 and 18,000 SEK each month for a one bedroom apartment. don't expect to even be able to find a place to rent long term within the city limits. Those figures should be taken as general guidelines. The decision really depends on your situation and experience among many other factors. What is a good salary to survive in us? Dont move to Stockholm please, despite the high GDP of Sweden, its an extremely poor place in reality, listen to me first. ), You can rent an apartment 60-85 sqm for 15 - 20 000 kr/month. The numbers are for first hand contracts and you're probably looking for second hand contracts in the beginning. That is quite an investment. With a gross salary of 50,000 SEK (4,769 EUR), you will belong to the Swedish upper-middle class. Travel always in the most comfortable way with optimal prices to enhance your travel experience. I get by on a low salary here and I can even save money each month. Booking.com: Booking.com is the best choice for finding accommodation for your next trip, with a wide variety of choices for all types of travelers. I mean they may seem to be high, but here the range of salaries is quite narrow. 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. You got nothing back from the society once you need it in term of social help, it takes ages when you deal with authorities. They also require a student pilot license (SPL) and private pilot license (PPL) to embark on this career. This article explains everything related to Swedish wages and what you can expect to get paid and spend. Forget it! To become a professor, you will need a bachelors and a masters degree, and often, a PhD degree. It is a professional recognition. 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. Generally, a decent house around Maslak would be more than 1k euros, yes. Family of four estimated monthly costs: 4,108. Distribution of Expenses Using Our Statistical Model: Copyright 2009-2023 Numbeo. Hence, the good annual salary for the average Swedish employee totals approximately 53,832 EUR gross and 39,588 EUR net. Remember, these salaries are before tax. However, low-income earners dont pay nearly as much taxes. The experience level is the most important factor in determining the salary. Sweden, like other Nordic countries, doesnt have a minimum wage. All rights reserved. One of the biggest expenses anywhere in Sweden is housing costs. Sweden boasts some of the best benefits in the world such as affordable healthcare, generous vacation time and free education. 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. Uncheck "Betalar kyrkoskatt" as it is only for members of the Church of Sweden and use a Stockholm post number, such as 11762. Software Engineer salaries in Stockholm are above average.For this job type, Stockholm ranks 79th for salaries among 265 cities. Generally, a $4,000 - $4,395 gross monthly income in Stockholm is considered good for a single. Nonetheless, Italy is the second largest manufacturing country in Europe. (After tax about 27-40 000. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. The price difference between an expats and a locals cost of living varies mainly because of accommodation. Like in the hotel industry, the minimum wage is around $2,500. 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. Your net salary will differ significantly from your gross, depending on where you reside and your total pay. We wrote a guide to explain all about the different scenarios. Instead, the government relies on collective agreements to determine fair salaries for employees. While this would be just enough to live on in a place like Stockholm, its a good income for many other cheaper cities in the country. Tobecome a CEO, its also essential that you have outstanding leadership, decision-making and managerial skills. 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? Public sector employees in Sweden earn 5% more than their private sector counterparts on average across all sectors. There are several reasons for these differences, such as taxes, cost of living, job . Ideally close to Canary Wharf so that I can walk to work. However, the tax differs as each municipality has a different percentage. "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). Sweden is known for its high living standards and organized society. 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 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. Overall score: 3.0. Can anyone recommend an English speaking international school in Stockholm? You also have to expect a 3500-6000SEK monthly fee on top of the loan. 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! CareerAddict is a registered trademark of Judge. To learn more about salaries in Sweden, read another article. Sounds kinda similar to NYC situation :). Have you set your eyes on any of these careers? I could imagine that you could ask easily for 45000+ SEK (monthly before taxes). However, the average expenditure for a single person is approximately 862 EUR before factoring in rent. Men receive an average salary of 785,162 SEK. One honest message to all who plan come to Sweden for work, just don't and educate yourself before you consider. Geographical location. 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. This city had 2350 entries in the past 12 months by 358 different contributors. The municipality with the least local tax deducts 28.98% of annual income, while the most youll pay is 35.15% in Dorotea. Ideally 85 sqm. 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. As an immigrant, traveling throughout the country might be among the things you intend to do. College professors must also have more than 10 years of experience under their belt. So the lifestyle you will have in Stockholm as a software engineer is WAY WORSE in comparison to a software engineer in USA, China, Russia etc. The goal of sustainable development is to create a balance between the three pillars of sustainability: economic, social, and environmental. Rent an apartment is difficult, because of shortage, and problably it was easier during pandemic. As for living costs, it varies, but I would say at least 10k/month in rent. After obtaining a BA in Media and Communications, she decided to launch her own showbiz-themed website TellTalesOnline.com. For interest costs above 100 000kr it's 21%. 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. Don't rent, buy. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. This button displays the currently selected search type. Living in Canada vs France: Where Should You Move To? Ostermalm felt quite posh and upscale. 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. 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 Which is the Best City to Visit. How is an offer of 45K 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. A person working in Stockholm typically earns around 49,200 SEK per month. According to Numbeo the rent for a 1 bedroom apartment in the city center is 13000 SEK. Average monthly salary:90,600 SEK (7,800/ $10,700). A family of four should budget at least 3,804 EUR (39,906 SEK) rent included. If you order takeout, visit restaurants, and go clubbing occasionally, expect your monthly cost of living to be more than usual. Similarly, it will depend on your occupation and where you live. Spotify is one of the biggest companies operating its head operations from Stockholm. Your rent can vary widely depending on location. Shopping for clothes and other small living needs. Check theaverage and minimum salary in Stockholm, Swedenand understand better the chances of building a career in this Nordic country. As in many countries, being among the highest earners in a country will afford you an upper-middle class lifestyle. Galma Stan was beautiful and very touristy. PM me for other questions. I've tried googling and various Swedish job/rental sites via Google Translate and I'm still clueless. 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. Therefore, living in a bigger apartment with a roommate could be . Work-life balance rating: N/A. 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. The figures mentioned above are good approximations and are considered to be the standard. In this article, w look at salary ranges in the Swedish capital and briefly review the cost of living. Summary of cost of living in Milan. Thank you. As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark. What kind of jobs are available for expats in Ireland/Europe? The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. Your use of this service is subject to our A $75k salary is considered a good salary to live comfortably. Put simply, judges determine peoples fates. Copyright 2016 Globe Media Ltd. All rights reserved. Is it a good idea to take this offer? Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. Its the compensation you receive from an employer if you leave your job but have pending vacation days. Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level. Salaries are different between men and women. Luckily, most Swedish landlords offer some utilities such as water, electricity, heating, or Wi-Fi as part of the package. The numbers become more significant if you consider one job title at a time. 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. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. While the country has some of the highest taxes, the social benefits you get as a result are nothing to scoff at. An extra bedroom will cost you $1,063. 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. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. When she isnt busy blogging, Angela is obsessively catching up with reality TV and listening to the latest music.