where in NYC are you coming from ? Average salary in Stockholm is 751,036 SEK per year. Average Monthly Costs in Uppsala (without rent) Embarking on one of these careers certainly promises a long journey, but their hefty salaries are worth the effort and the wait. If you order takeout, visit restaurants, and go clubbing occasionally, expect your monthly cost of living to be more than usual. When she isnt busy blogging, Angela is obsessively catching up with reality TV and listening to the latest music. If you decide to live within Stockholm and not the suburbs, be prepared for some hefty rent bills. Get in touch if you can provide useful info on your city or answer forum questions from new expats. Your use of this service is subject to our. Below is data showing how you can get around in Sweden and how much it will cost you. Therefore, living in a bigger apartment with a roommate could be . I make 36k as a software developer, and I'm able to live very comfortably off that, providing for both myself and my girlfriend. 9 Reasons Why You Should Live in Stockholm at Some Point in Your Life The numbers become more significant if you consider one job title at a time. This is mainly due to inflation, rising renting and food prices, and, therefore, a required increase in salaries. The Pay Limit scheme allows work permits to be granted to . I lived 10 years back in Stockholm as a student. 15% down payment is required. Thank you. What is the average cost of living in Stockholm per month? Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary. However, before relocating to Stockholm, you should have an idea of the salary to expect and what it can afford. Sweden might not have the highest salaries in Europe, but theres a reason the country has one of the lowest poverty rates globally. Buying a house in Stockholm is reserved for the rich. 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. The answer to this question largely depends on one's definition of being "rich". Here are the current income taxes in the country (2022): That means higher-income individuals get taxed over 50%. It has the 7th highest human development index, making it one of the best countries to live in. That is quite an investment. Average monthly salary: 141,000 SEK (12,200/ $16,700) Yet another high-paying job in the legal sphere is that of a judge. A good salary to live comfortably in the UK vary greatly depending on where you live and what type of lifestyle you choose. Create an account to follow your favorite communities and start taking part in conversations. Edit I made stupid assumption about what is city of Stockholm and was/is confused by it. A salary of $4,400 can afford you a comfortable lifestyle in Stockholm as a single or even as a parent. I grew up in Queens, lived all over the area. That translates to a gross monthly salary of 28,508 SEK ($2,745) for women and 32,308 SEK ($3,111) for men. Summary about cost of living in Stockholm, Sweden: Copyright 2009-2023 Numbeo. Essential utilities cost $102.74 monthly, and 1 minute of prepaid tariff costs $0.14. Luckily, most Swedish landlords offer some utilities such as water, electricity, heating, or Wi-Fi as part of the package. Employees in Sweden are likely to observe a salary increase of approximately 8% every 16 months. Currency conversions are based on rates supplied by XE.com on 4 February 2021. Sweden boasts some of the best benefits in the world such as affordable healthcare, generous vacation time and free education. Read about salaries in Stockholm. 2021-02-04. 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. The decision really depends on your situation and experience among many other factors. 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. Check theaverage and minimum salary in Stockholm, Swedenand understand better the chances of building a career in this Nordic country. A Princeton survey shows that optimal happiness is achieved at a salary of $75k, and pay increases over $75k result in minimal happiness gains. In Sweden, you can even use public transport to get you to most national parks and regions further from the cities. As for your pay, it is hard to say. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. According to Numbeo the rent for a 1 bedroom apartment in the city center is 13000 SEK. Are you considering moving to Sweden, and more specifically to its capital? Its no surprise that the professionals who fly high are also the most paid workers in Sweden. Work Abroad Guide: Learn how to find a job and employment requirements in different countries. 1300 euros/month plus bills for a mini flat like shoe box, and average salary 2400 euros/month, lol no thanks. Is it a good idea to take this offer? They also require a student pilot license (SPL) and private pilot license (PPL) to embark on this career. I'm actually one among them. Your rent can vary widely depending on location. Sweden is a haven for social welfare. Working and Getting a Job in Sweden | InterNations 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. Put simply, judges determine peoples fates. 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. Similarly, it will depend on your occupation and where you live. 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. Let us know in the comment section below. Senior developers can get a LOT of money. Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience. You can take a look at our Accommodation in Stockholm page for some advice on finding a home. Some basic references: 1 beer = c.60 SEK / $7 Travel always in the most comfortable way with optimal prices to enhance your travel experience. Average monthly salary:168,000 SEK (14,500/ $19,900). Below is a tabular representation of what you can expect to pay for different food products in Sweden. Those who are drawn to teaching and have a passion for education can become college professors. Thank you for the info. Sodermalm I could clearly tell is 'Brooklyn' of Stockholm. Good luck with retning one for that price. But while the country has the highest tax rates globally, it also offers impressive, lucrative careers paths. This service is free of charge and will help you select an international moving company that suits your needs and budget. Sweden has been one of the most developed countries in Europe since the end of the Second World War. The 60 Best Places in Sweden ranked by Quality & Cost of living We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings. According to various sources, here is the average cost of living for different Swede cities. 6 simple ways for anyone to earn extra income, Airlines / Aviation / Aerospace / Defense, Media / Broadcasting / Arts / Entertainment. As a reference, the salary for a McDondalds cashier is hovering around 137 Swedish Krona, or roughly 14 USD per hour. However, as usual, money solves most things. This demanding role requires you to have sufficient experience and a relevant degree in a chosen field. The numbers are for first hand contracts and you're probably looking for second hand contracts in the beginning. In 2020, the median income was 345,810 SEK annually across all genders or 28,817 SEK monthly. Teaching at a post-secondary level offers a high salary, but it doesnt come easy. There are several reasons for these differences, such as taxes, cost of living, job . Stockholm has a broken housing market. Its capital is also the hub for major companies in different sectors like tech start-ups, finance and telecommunications conglomerates. An extra bedroom typically adds about 1,000 EUR to the rent. Living in Canada vs France: Where Should You Move To? A family of four should budget at least 3,804 EUR (39,906 SEK) rent included. During 2 weeks I spent in Stockholm, I personally liked Norrmalm because it felt quieter district, more affordable, and close enough to lot of things. 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. Like many other parts of the world, the Swedish workweek is limited to 40 hours. Though wages above the average could be seen as a good salary, there are no hard and fast rules regarding how to determine a good salary since there are many external factors involved. Average monthly salary:60,400 SEK (5,200/ $7,100). With a gross salary of 50,000 SEK (4,769 EUR), you will belong to the Swedish upper-middle class. Everything from 25 000-60 000 SEK is possible. There are also a couple of deductions you can make: "Rnteavdrag": You can make a deduction from your income tax if you have a loan with interest. The numbers seem to support this tactic. 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). 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. 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. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. People tend to confuse bonuses with commissions. As we head into 2020, we're running the best, most insightful and most essential Worklife stories from 2019.