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

Average monthly salary:114,000 SEK (9,800/ $13,500). Canada and France are two totally different countries with only a few similarities, like the French language. How is this for a single person living there? However, the Swedish government compensates for the high taxes by offering some of the most lucrative career paths in Europe. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. Salaries are different between men and women. explanation: Up to incomes of 430 200kr you only pay the "Kommunalskatt" which for Stockholm municipalities is roughly 30%. That is around 36,000 SEK after tax which is $3,526.51 monthly and $42,312 annually. Data also shows that the average household spends up to 31% of total expenditure on food. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise. Men receive an average salary of 785,162 SEK. Press J to jump to the feed. Currently in Downtown Brooklyn and work is in Manhattan. Typical meals at fast food restaurants like McDonalds come to $8.70. To become a professor, you will need a bachelors and a masters degree, and often, a PhD degree. Jetradar: Compare and book flights around the world with our own flight search fare tool. As of 2023, in the hotel and restaurant industry, the minimum salary in Sweden is of 24339 SEK or 2400 USD. Salaried jobs pay a fix amount regardless of the hours worked. Thats approximately $52,740 annually. I'll be doing same role in Stockholm. All the salaries listed above are before tax. Angela is a passionate freelance writer who enjoys putting a unique spin on topics like career advice, entertainment, translation and health. See. Therefore, earning 60,000 Swedish Krona puts you in the lower end of the countrys highest earners and gets you 40,980 SEKor 3,908 EUR per month after taxes. According to my research, you should be able to live comfortably on that salary, even if you are sending money home each month. According to various sources, here is the average cost of living for different Swede cities. Thebest employers in Swedeninclude several major financial institutions, making this particular job role worthy of its lucrative salary. Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma. I just thought I would give you some info on how the tax system works: Det r ingen statlig inkomstskatt p beskattningsbar frvrvsinkomst upp till 430 200 kr. You also have to add 31,42 % Social fees that the employer pays on your salary. I mean they may seem to be high, but here the range of salaries is quite narrow. The estimated additional pay is SEK 42,142 per month. 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. Your net salary will differ significantly from your gross, depending on where you reside and your total pay. Please help! Regarding the 6 month "provanstllning" (probation period mentioned in comment). After obtaining a BA in Media and Communications, she decided to launch her own showbiz-themed website TellTalesOnline.com. Nonetheless, Italy is the second largest manufacturing country in Europe. One major difference between salaried employees and hourly paid employees is overtime eligibility. Overall score: 3.0. If you are working on IT, your careers perspectives are pretty good in Sweden (regardless of your nationality). 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. Life cost is comparable to that I experienced in Germany, North Italy and South France, where I lived previously. 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, before relocating to Stockholm, you should have an idea of the salary to expect and what it can afford. Moving for a job in Italy isn't that common, given its relatively weak economic position compared to other EU countries. 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. You can rent a good place and spend some money eating out and having fun in the city. 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. Earning around $4,395 (45,000 SEK) gross monthly salary in Stockholm is considered a good income. Want to move to Sweden but dont have a job offer yet? 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. Remember, these salaries are before tax. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. Sweden boasts some of the best benefits in the world such as affordable healthcare, generous vacation time and free education. Also, once you get comfortable in Stockholm, you could consider buying a house instead of renting. 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 If you are only interested in viewing statistics and salaries in a specific career field, then choose one from below, or continue scrolling down for more interesting facts about salaries and income in Sweden. Some states, like New York, require $95,724 to live comfortably, but in other states,. Additional pay could include cash bonus, commission, tips, and profit sharing. There's no getting away from paying bills that are associated with your living situation. Would really appreciate answers and suggestions for all of you! Let us know in the comment section below. Can I cater for my food intolerance in Malm, Sweden? Daycare is heavily subsided, good quality and very affordable (being a daycare teacher is actually a university level education here). 1300 euros/month plus bills for a mini flat like shoe box, and average salary 2400 euros/month, lol no thanks. Teaching at a post-secondary level offers a high salary, but it doesnt come easy. Also from the diagram, 75% of the population are earning less than 138,000 SEK while 25% are earning more than 138,000 SEK. This is the average monthly salary including housing, transport, and other benefits. 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. 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. For comparison, below is another table with salary ranges for the most popular professions in Sweden. Hence, the good annual salary for the average Swedish employee totals approximately 53,832 EUR gross and 39,588 EUR net. As for the difficulty to find rentals i just wanted to link these statistics, you can play around under "omrde" to choose different areas. 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). It has the 7th highest human development index, making it one of the best countries to live in. You should be able to recover the costs in roughly a year or so. Employees receive 25 paid vacation days per year. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. Stockholm like much of Sweden is full of radical middle easterners especially Arabs.Safety is a big concern especially for women. All taxable income employees should file and submit a tax return to the tax office before 2 May after the tax year. The median represents the middle salary value. Most companies use a 6 month probation period, during which you are on at-will-employment. This city had 2350 entries in the past 12 months by 358 different contributors. On the other hand, the highest compensation for the countrys lowest-paying occupations is 25,600 SEK. Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level. I lived 10 years back in Stockholm as a student. 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. The average stamp duty in Stockholm is 1.5% 2%. Swedens economy focuses in export market, with Germany and United Kingdom being the top destinations for Swedish products. Edit2 Looks like I should expect 40-60k SEK/mo as expected range for my salary 480k-720k SEK/yr. Luckily, most Swedish landlords offer some utilities such as water, electricity, heating, or Wi-Fi as part of the package. Secondary schools for expats of Argentine origin. Those who are drawn to teaching and have a passion for education can become college professors. However, as usual, money solves most things. Ideally 85 sqm. 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 . 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. Stockholms Lokaltrafik (Stockholm Public Transport) - Tickets + Prices for Travel By Metro, Busses Etc. 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. Its easier to find a cheap alternative for a person knowing the city well. Some basic references: 1 beer = c.60 SEK / $7 This article explains everything related to Swedish wages and what you can expect to get paid and spend. The median salary is 50,200 SEK per month, which means that half (50%) of the population are earning less than 50,200 SEK while the other half are earning more than 50,200 SEK. How to compare your salary. Another question I have is the pricing of rent. ago. A person working in Stockholm typically earns around 49,200 SEK per month. Rome or Milan? In Sweden, this means that, on average, a family of two adults and two children spends over 1,000 EUR on food each month. It truly is a haven for social welfare and high living standards. 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. As a reference, the salary for a McDondalds cashier is hovering around 137 Swedish Krona, or roughly 14 USD per hour. Swedes earn approximately 3,338 EUR (35,000 SEK) every month or 40,056 EUR (420,000 SEK) annually before tax. not if you have 10 years experience in your field. 15% down payment is required. The answer to this question largely depends on one's definition of being "rich". 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. A family of four should budget at least 3,804 EUR (39,906 SEK) rent included. 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. If you have a family, youll afford an even better lifestyle if your partner makes approximately the same amount. Currency conversions are based on rates supplied by XE.com on 4 February 2021. Average monthly salary:141,000 SEK (12,200/ $16,700). Its capital is also the hub for major companies in different sectors like tech start-ups, finance and telecommunications conglomerates. I moved to Stockholm during 2020 with a child and I work as senior electronic engineer. Uncheck "Betalar kyrkoskatt" as it is only for members of the Church of Sweden and use a Stockholm post number, such as 11762. 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. We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings. 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.