The average monthly rent for a three-bedroom apartment in central Stockholm is 24,166.67 SEK (just over $2,470); outside the center is 16,868.42 SEK ($1,725.90). This brings your total monthly expenditure to an average of $925 (without rent/mortgage payments). For a primary school teacher earning 34,500 kronor in Stockholm (the average salary for the 35-44 age group), the take-home sum would be 26,618 kronor, while a secondary school teacher earning the average salary of 36,000 kronor a month in Stockholm could expect their net paycheck to amount to 27,698 kronor per month in 2019. 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. Sweden is a great destination to kick-start your international career. In short, we can produce our salary calculations with a fraction of the costs that a big multinational can. 809,999 SEK, 810,000 SEK - You should also budget for clothing, leisure, and telecommunication will come to about $185/month. 108,000 SEK - Average Tax Rate kr = Swedish Krona Net Pay Total Tax Estimated Breakdown Income Before Tax National Income Tax Municipal Income Tax Pension Fee Tax Credit Total Tax Take Home Pay Price Base Amount (PBB) Total Deductions Average Tax Rate Table of Contents Salary Calculator Summary Quick Facts about Sweden Introduction to Sweden If you have a Swedish SIM card, you can travel within the EU without incurring data charges in most cases. Fortunately, the quality is also very good; Sweden has strict animal welfare regulations. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles. Once youve obtained your work permit, youre ready to tackle the beast that is Stockholms rental apartment market. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career. Salaries in Stockholm vary drastically between different careers. The personal income tax rate in Sweden stands at 61.85%. $ 57,464 Median salary 39k 47k 57k 70k 84k </> Embed Feedback Curious about what your salary could look like in this city? Are you about to move to Stockholm? The cost of accommodation in Stockholm Like in many major cities, accommodation will probably eat up the largest chunk of your monthly expenses. looking for more reliability, a salary equivalence No, all the salary calculations are paid. Employees with 20+ Years of experience receive 1,074,593 SEK. The single-person household is the most common type of household in Sweden. That is equivalent to slightly more than 3400 US dollars per month. your payment details even touch our servers. All Rights Reserved. People with 16-20 Years of experience receive salary of 1,121,033 SEK. Women earn, on average, 43,600 kronor and men 44,400 kronor. All orders are processed exclusively through our payment processors' secure gateways, and at no moment do any of He enjoys nothing more than grabbing his bike and exploring the city, and travels frequently to Sweden and Norway. A person working in IT Management in Stockholm typically earns around 62,000 SEK. Here, you can purchase a wide selection of booze from around the world. Does It Snow In Italy? The average salary in Sweden is 32,800 SEK (3,400 EUR), which makes 25,355 SEK (2,650 EUR) after taxes. With our salary calculator you can easily calculate your net pay after taxes. Employees that support and facilitate the work of revenue generators. The equivalent salary that you'll need in Stockholm to keep the standard of living that you are used to in your city. Buying an apartment is a better option if youve already got the money and plan to stay in Stockholm for the long term. Sample of prices of every-day items in both cities, as well as key statistical parameters. Your costs should be slightly lower for a one-bedroom apartment outside the city center at 10,282.61 SEK ($1,053.14) monthly. Hourly Wage = Annual Salary / ( 52 x 5 x 8 ), Electromechanical Engineering Technologist, Engineering Research and Development Manager. In the last week alone we've added more than 3,100 new prices to our prices database. Ideally 85 sqm. All data are based on 972 salary surveys. Besides accommodation, groceries will probably account for the second-largest percentage of your monthly cost of living in Stockholm. The figures displayed here account only for direct increments to the base salary. 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. Salary variations differ from person to person. Apart from paid jobs, several expats choose to take up self-employment. Stockholm has several outer areas that are worth exploring for apartments. You can access buses, ferries, the metro, and commuter trains from a single ticket and youre able to use a combination in one trip (as long as you travel in the opposite direction of where you started). Even better, you will be able to explain and justify your salary requirements during your negotiation. salary calculations use as one of the inputs the same data that you can explore for free in Expatistan, 269,999 SEK, 270,000 SEK - Using Braintree we can accept all major credit cards Calculates the equivalent income in Stockholm of your current net income. Only 5% of individuals earned a gross salary of 43,500 SEK or higher. How can we offer our salary calculations much cheaper than them? There's nothing wrong about the salary calculations. The Swedes are cultured, and you can see this in Stockholms vibrant music and museum scenes. Expats are also allowed to buy property and access mortgages in Sweden. All data are based on 972 salary surveys. To advertise your brand to a global audience, contact our advertising team below. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in IT Management in Stockholm earn less than 48,500 SEK, while 75% of them earn more. The difference between the public or government sector salaries and the private sector salaries in Sweden is 5% on average across all career fields. 0%. As with any move abroad, relocating to Sweden can be quite challenging. Employers in Sweden pay an average gross salary of $28.65 an hour, $4,965/month, or $59,583 a year. Reddit, Inc. 2023. 323,999 SEK, 324,000 SEK - is the cost-of-living in Stockholm, broken down by category. 523,201+. free to access. Granted upon achieving an important goal or milestone. But, how much can you expect to make working in Stockholm? You can always use the If youre not sure whether your salary will cover you in Stockholm (hint: it probably will), were here to help. Single tickets cost 39 SEK ($3.99), and tickets are valid for an hour and 15 minutes. Money is only one factor when moving to a new country. Your monthly rent will depend largely on where you live; the closer to the city center you are, the larger your costs will be. Once youve bought a public transport pass, you can use all forms of transport within Stockholm. these salary calculations has been used to power some analysis and online tools of, among others, Youll also have a public transport system that makes getting around easy, plus excellent healthcare and straightforward access to the rest of Scandinavia. Salaries for individuals working in Engineering in Sweden are rising in the year 2023 based on recently submitted salaries and reports. Like everywhere else, the exact living costs will depend on where you live and your lifestyle. The average salary in this city is $5,411.34 a month or $64,936.47 a year, while the average hourly rate is $31.24/hour. A 33cl bottle of foreign beer will set you back around 22.37 SEK ($2.28). The hourly wage is the salary paid in one worked hour. live as good or better as you now live in your city. After all, salaries in this country range from around $672/month (minimum) to $21,956/month (maximum). Personal income tax rate in Sweden averaged 56.78% from 1995 until 2018, reaching an all-time high of 61.85% in 2017 and a record low of 51.50% in 2000. To get you started, a basic meal in a cheap restaurant will cost you $10.44 while a combo meal in a fast-food restaurant goes for $8.35. Approximately 20% of salaries were below the 37,100 SEK mark, while 10% ranged from 47,700 SEK to 52,500 SEK. See for yourself how useful having the right data will be when relocating to Stockholm. (Prague) to be able to construct a coherent index and ranking. Companies within thriving industries tend to provide higher and more frequent raises. One major difference between salaried employees and hourly paid employees is overtime eligibility. But, before you book a one-way ticket to Sweden, take a few moments to go through this guide for all the relevant information about living and working in Sweden. So who gets paid more: men or women? These figures tend to change frequently. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. The cost of transport in Stockholm is reasonable, and it runs from 5am to 1am on weekdays (weekends are different). We wrote a guide to explain all about the different scenarios. Companies within thriving industries tend to provide higher and more frequent raises. The Viking Compass, Studying Economics in Scandinavia: An Introductory Guide, AI in Scandinavia and the Future of the Technology, 9 of the Best Hiking Trails in Scandinavia, Studying in Norway: A Simple Guide for International Students, What is Swedish Death Cleaning? different. Read Also: Average Salary in South Africa. free version of Expatistan. This is rock solid data that you can trust. Average salary in Stockholm is 769,624 SEK per year. The price of a full salary calculation is Abundant data points from multiple redundant sources. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. However, additional fares will apply if you travel to Arlanda Airport and Uppsala on the pendeltg (commuter train). Moving to a cheaper municipality/state can sometimes result in significant savings Originally from the UK, Danny is a writer whose love for Scandinavia (and pastries) led to him settling in Copenhagen, Denmark. Sweden is one of the few countries in Europe with no statutory minimum wage. If you look at Numbeo, the prices differ slightly. If you ask us, thats a pretty good trade-off. A good salary living in Stockholms city centre is around $1,300/month for a single person and $2,400/month for a family of four. How to compare your salary. Sign In Explore Jobs Companies Salaries Careers For Employers Post a Job Jobs Discover Jobs Companies Discover Companies Compare Companies Two values that are highly correlated with the median are the 25th and 75th percentiles. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. 1,619,999 SEK, 1,620,000 SEK - up-to-date, and reliable data. A Master's degree program or any post-graduate program in Sweden costs anywhere from 226,000 SEK to 677,000 SEK and lasts approximately two years. The calculation that you will get combines the biggest cost-of-living database in the world (which we run ourselves) and public data sources, such as the United Nations, the World Bank, the OECD and Eurostat. You can buy a single-club membership for 349 SEK per month and one that covers every gym in Sweden for 449 SEK. If you want to watch a play at the Royal Swedish Opera, you can pay 240-1,650 SEK for a seat with a view; listening-only ones cost less. bring more accurate results when you do not care about rankings of multiple cities among each other and only care Data was regrouped into brackets to provide a better understanding of what salaries can be expected. Women receive a salary of 651,315 SEK. Professionals working in Engineering in Sweden are likely to observe a salary increase of approximately 9% every 15 months. You can use your extra time eating at home as an opportunity to try various cool new recipes and have a bit of fun. A 50cl glass of Swedish draught beer at a restaurant costs 70 SEK on average, which is roughly $7.16. Our The good thing, however, is that buying an apartment of your own isnt too complicated in terms of paperwork. You will get a 14-page downloadable report calculating the salary you'll need. Employment income tax for non-residents Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. The base salary depends on many factors including experience and education. The base salary for jobs in IT Management in Stockholm ranges from 48,500 SEK to 64,400 SEK. Living in Sweden has plenty of pros and cons, and its worth learning about as many of them as possible before you move. The calculation that you will get includes all the underlying price-data used to calculate the cost of living difference and the salary conversion. These numbers may vary from one industry to another. These agreements were made between employers organisations and the main trade unions. If the employer is bound by a collective agreement, special provisions may apply that have to be taken into consideration. Since this is the most expensive city in Sweden, you can be assured of a decent life with lower salaries, especially in rural areas. possibility, but currently it is not possible. 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. For 2020, the amount of the basic local and state deduction ranges from a minimum of SEK 13,900 to a maximum of SEK 36,500. This website, including your account and payment pages, is protected by SSL encryption. If your salary is higher than both the average and the median then you are doing very well. 485,999 SEK, 486,000 SEK - The amount of the bonus will probably be different from person to person depending on their role within the organization. I'm not sure if these are the right expectations I should have. You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails. The cost of living for a local is $1,400 per month, and much of that price difference will likely include accommodation prices (its *much* easier to find somewhere if youve got a network). When you are ready to make a payment, your credit card details will be processed directly by either PayPal Inc. or The result are up to date and comprehensive salary calculations. clean and aggregate. 42% of surveyed staff in Engineering reported that they haven't received any bonuses or incentives in the previous year while 58% said that they received at least one form of monetary bonus. One major difference between salaried employees and hourly paid employees is overtime eligibility. Job opportunities tend to be concentrated in the southern part of the country, but you can still find vacancies along the Baltic coast and in the northern part where its more sparsely populated. 201,000 SEK All salary figures displayed here are per month except when noted otherwise. Not necessarily. Only the cities 2,051,999 SEK, 2,052,000 SEK - Only recent, up-to-date prices used as inputs. Scandification is a participant in Amazon Service LLC Associates Program, an affiliate advertising program designed to provide a means for us to earn advertising fees by linking to Amazon.com and affiliated websites. 2009-2023 Expatistan.com 863,999 SEK, 864,000 SEK - and we only generate salary calculations for those cities on which we have truly abundant, People in top positions can easily get double or triple bonus rates than employees down the pyramid. An entry level data scientist (1-3 years of experience) earns an average salary of 739.329 kr. 2,483,999 SEK, 2,484,000 SEK - Comparatively, a 0.5 liter bottle of domestic beer costs around 19.36 SEK ($1.98) from a market. Most places in Stockholm County are within 30 minutes of the city center. Keep in mind that salaries will differ between professions, locations, and employers. In many cases, youll need to pay for water, gas, electricity, and Wi-Fi on top of your monthly apartment rent. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law. Youll need to deal with a notoriously tough housing market and various expenses that you might not have expected. Youll pay roughly the same for a 33cl bottle of imported beer. prices themselves in the 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. Getting an SL card also gives you discounts for single trips (the price is 26 SEK), making the cost of transport in Stockholm lower. If your wage is between the average and the median, then things can be a bit complicated. Ostermalm felt quite posh and upscale. So, what are Stockholm apartment prices like if youre looking to buy? If you go out and drink every weekend, or you frequently visit restaurants, you can expect to pay much more than you otherwise would. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. But dont let that deter you from joining the Swede job market. Generally, a range of $2,942 - $4,413 in net salary is pretty good for Stockholm. Meanwhile, a 4GB mobile subscription plan with Telenor costs 219 SEK ($22.40) monthly. Some of the top areas to take up self-employment include IT, business, fashion and design, game development, writing, and editing. This independent calculation will help you justify your salary demands in your negotiation. Continue with Recommended Cookies. It represents the central value of salaries. The economy is also driven by the manufacturing industry. You can also purchase annual memberships if youd rather pay upfront. At minimum 60 sqm. Yes. If youre from a culture where you eat out for most meals, youll need to alter your lifestyle to adjust to the cost of living in Stockholm. The end results are up-to-date, reliable, and comprehensive salary calculations on cost-of-living differences and net income equivalences. The city also boasts a happy and efficient workforce with employees enjoying flexible work hours than the norm, not to mention almost 2 years of parental leave for every child. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. have to pay a lot of money for it. Thank you. Employees that are directly involved in generating revenue or profit for the organization. Salaried employees are usually exempt from overtime as opposed to hourly paid staff. Several factors determine what you get paid in Sweden. If you have one, you can ride on buses in the city for free. In 2019, taxable income of less than SEK 468,700 is subject to . Once youre settled, Scandinavias largest city is a great place to live regardless of whether youre coming here on your own or with someone else. and you can make the salary conversion yourself using that data. The employer and the employee usually agree on a salary through individual negotiations. reliable beyond a doubt. The most typical earning is 615,596 SEK. The consent submitted will only be used for data processing originating from this website. After aggregating, cleaning up and modelling this data, Both are indicators. Expats will find good job opportunities in Swedes strong economy, particularly in thriving manufacturing and tech businesses. Salaries in IT Management in Stockholm range from 33,000 SEK (starting average salary) to 80,500 SEK (maximum average salary, actual maximum is higher). This amount will leave you about 32,130 SEK (3,064 EUR) after tax in Stockholm. Galma Stan was beautiful and very touristy. indices in Expatistan as their data source, they also cross-check and improve the data from Expatistan with data Those living close to the city can take advantage of the extensive and excellent public transport network, which is generally cheaper than owning a car. calculation, and a printable salary calculation that you can easily share and use in your salary negotiations you Here, my annual salary is around $45,000 a year before taxes. 1,835,999 SEK, 1,836,000 SEK - Nothing much changes in this area in terms of high costs. If you are Salaries are different between men and women. 917,999 SEK, 918,000 SEK - You can reduce much of your stress finding accommodation in Stockholm by broadening your horizon a little. 21 High Paying Jobs That Don't Require a College Degree! People tend to confuse bonuses with commissions. Experience and education play a very huge part in the final earnings. Like in many major cities, accommodation will probably eat up the largest chunk of your monthly expenses. Hej Stockholm redditors - I currently live in USA and I've been interviewing for a job in Stockholm. organization in Expatistan. Once youve got your residence permit, which differs depending on whether youre from the EEA countries and Switzerland or elsewhere, youre ready to learn about how much you should consider budgeting for monthly costs in Stockholm. A good and competitive compensation would range anywhere between 37,700 SEK and 46,600 SEK. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career. 2,375,999 SEK, 2,376,000 SEK - I'll be doing same role in Stockholm. Both are indicators. These agreements regulate several other aspects of your working life beyond pay. You deserve a salary increment but you are not sure how to ask.Check our 25 sample Salary Increase Request emails. In this guide, youll discover a complete overview of whether the city is really such an expensive place including rental prices, food costs, and more. The second most paid education level is Doctorate Degree with salary of 822,955 SEK. Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. The most paid careers are Health Care & Medical with average income 1,092,953 SEK and Management & Business with income 997,913 SEK. our database of prices with public databases and cost-of-living indices directly and they use an improved dataset compared with the free comparisons available in Expatistan. If youre staying in Stockholm for more than a couple of months, youll want to get yourself a Swedish SIM card. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Salary estimates based on salary survey data collected directly from employers and anonymous employees in Stockholm, Sweden. If we look at the same Numbeo report already mentioned in this article, buying an apartment in the center of Swedens largest city costs 113,124.71 SEK ($11,587) per month per square meter. People tend to confuse bonuses with commissions. It has a booming tech scene with companies like IBM and Ericson based here. While Scandinavias largest city offers an enjoyable living experience once youve settled down, the early phases can be difficult. You will probably have a difficult time finding a place to live, and you might have to deal with short-term rental contracts for a while. Professionals working in IT Management in Sweden are likely to observe a salary increase of approximately 11% every 16 months. We and our partners use cookies to Store and/or access information on a device. International travel is generally described as an eye-opening experience, but can you imagine what working abroad would do for you. Below, well talk about how much you can expect to pay for accommodation in Stockholm. House prices generally reduce the further one goes outside of the city centre. 1,133,999 SEK, 1,134,000 SEK - Embracing Scandi Minimalism, Introducing Quick Style: The Norwegian TikTok Sensation, Viking video games: Video games with Viking and Norse mythology, The Best Igloo Snow Hotels in Scandinavia and Activities Close to Them, How to Choose Between a Trip to Denmark and Finland, The Best Bike Tours in Copenhagen, Denmark. 755,999 SEK, 756,000 SEK - 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. should get a salary calculation from this page. Since this is the most expensive city in Sweden, you can be assured of a decent life with lower salaries, especially in rural areas. 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). These are typically large international corporations based in the capital. Keeping active is an important part of many Swedes lifestyle, and the capital has several gym chains for you to pump some iron or go for a jog when its too cold outside. Average rent range for an apartment in city of Stockholm. Of course, youll also need to keep Swedens high taxes in mind. Like most countries with a high quality of life and high salaries, their job market is quite competitive. https://www.youtube.com/watch?v=BL-3QvC6bq4. 971,999 SEK, 972,000 SEK - This needs a big staff that they need to pay for. In a standard restaurant, your meal will probably cost you between 120 SEK and 200 SEK ($12.25-$20.42). Luckily for you, weve got an article outlining everything. Some of the occupations listed in 2019 include doctors, nurses, dentists, chemists, pharmacists, university professors, high school teachers, engineers, software and system developers, etc. The minimum pay rate per hour for people working in Engineering in Stockholm is 76 SEK. In the last week alone we've added more than 3,100 new prices to the database. Space being at least 60 sqm to ideally 85 sqm. In Sweden, the average annual disposable household income has been recording an increase from 2011 to 2017. Reported anonymously by 33,765 Stockholm employees. What is the average salary in Sweden? Their field of expertise usually matches the type of business. For a kilogram of filet chicken breasts, youll pay 108.29 SEK (c.$11). version of the salary calculations for You should also note that we only provide paid salary calculations for a fraction of Some of our partners may process your data as a part of their legitimate business interest without asking for consent. With the right set of skills and good academic credits, youll be able to join its labour force. According to Numbeo, the cinema ticket price for an international film release costs you 150 SEK (just over $15) on average. published by reputable and trustworthy organizations, like the United Nations, If you just need to know the basic difference in cost-of-living between two cities, you should definitely use the Men receive an average salary of 804,595 SEK. Its not the cheapest place to live, though so read on for the definitive guide to the cost of living in Stockholm. As for beef, youll typically pay 191.54 SEK ($19.60). To buy a single ticket, you can also tap your contactless card just like you would do on the London Underground. The percentage is lower for old employees. Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. You can find several other gym chains in the Stockholm area. People in top positions can easily get double or triple bonus rates than employees down the pyramid. We currently hold data for more than 3,000 cities. Winter Season In Italy. If you want something bigger, you can also find houses many of which are not far away from stunning nature. For those seeking employment in Sweden, this collection of useful information will make your job hunt and relocation to Sweden a lot easier. The provided figure represents the median compensation that encompasses housing, transportation, and other perks. We take the accuracy and reliability of our salary calculations very seriously, 3,779,999 SEK. free version of Expatistan, though. Note that 1 US Dollar (USD) = 9.57 Swedish Krona (SEK) as of 2019-12-02. The requirements for self-employment in Sweden are not as stringent as those in other EU countries. The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. trying to convince you to buy other related (and usually unnecessary) products. The calculation was really helpful to form a realistic view of the cost of living between the two locations. Lloyds TSB International, the Markets Research division of Deutsche Bank, and HSBC studies. For only $10 USD you will know the salary you need in Stockholm to maintain your current standard of living after you move. Based on education, the highest salaries receive people with Bellow H. School with salary of 1,159,913 SEK. Employees that support and facilitate the work of revenue generators. Calculate the salary that you will need in Stockholm based on the cost of living difference with your current city. The PDF document provides detailed cost-of-living information, based on which we calculate the salary that you need in Stockholm to compensate for the difference in prices with your city. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles. a free sample to see how a salary calculation looks like and check if it is what you need, but the customized We are working on improving the salary calculations and we will eventually offer this I'm hoping to find out what would be. Additionally, the diagram reveals that 75% of individuals earn less than 46,600 SEK, while 25% earn more than that. Thank you. Hourly Wage = Annual Salary / ( 52 x 5 x 8 ), Information Technology Operations Manager, Information Technology Project Coordinator, Information Technology Quality Assurance Manager, Information Technology Quality Assurance Team Lead (QA). Ensure you research your trade union and find out how the collective agreements are regulated for the company you work for. If you plan to travel across the Nordics regularly, you can purchase a membership that gives you access to every gym throughout the region. Listed above are the average annual increase rates for each industry in Sweden for the year 2022. 23% of surveyed staff in IT Management reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus. 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. These figures tend to change frequently. However, the free version does not calculate the * Based on the average change in salary over time. | Terms and Conditions However, you might have issues if you use a foreign bank card so its best to wait until youve set up a Swedish bank account. An example of data being processed may be a unique identifier stored in a cookie. to different results. Scandification explores and celebrates the magic of Scandinavia. Naturally, the more years of experience the higher the wage.Generally speaking, employees in IT Management in Stockholm having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.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.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.Those figures are presented as guidelines only. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation. I would definitely recommend the calculation as a tool to use in the salary negotiations.. The same goes for if youre a student. by Braintree Payment Solutions, LLC through SSL encryption. Those figures should be taken as general guidelines. The analysis revealed that roughly 65% of all reported salaries fell within the range of 19,300 SEK to 35,900 SEK. 1,025,999 SEK, 1,026,000 SEK - the 2,205 cities that we have data for. the World Bank, and Eurostat. The trend suggests a slow yet continuous increase in pay in 2024 and future years. From the high salaries, high quality of life, communal work environment, equality at the workplace, strong workers rights, generous benefits, not to mention the fact that there are several innovative, international companies here, its easy to see why working in Sweden is ideal for foreigners looking to relocate. To view accurate figures, choose a specific job title. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); Whats the cost of living in Stockholm? Most Swedes eat out as a treat or for a major occasion, and you should consider following in their footsteps. Stockholm also has plenty of great running routes, along with plenty of cycling opportunities during the summer months. The Swedish workforce is highly skilled with about a third of the working population holding some degree or tertiary education. From breathtaking scenery to the extremely high quality of life, as well as many economic opportunities with appealing financial rewards, its easy to see why people from all over the world are relocating to this city. Alternatively, you can use the SL smartphone app. available from reliable third-party organizations like the World Bank and UBS. Two values that are highly correlated with the median are the 25th and 75th percentiles. Example:A graphics designer working for a graphics designing company. Compared to housing costs, utilities are fairly priced. Heres a look at the common household expenses, together with their average prices in Sweden: Housing will take the biggest portion of your salary. Salaries range from 13,200 SEK (lowest average) to 87,900 SEK (highest average, actual maximum salary is higher). This doesnt mean salaries go entirely unregulated, rather they are set by collective agreements between employers and an individual employee or a trade union that represents employees, or even both. A good and competitive compensation would range anywhere between 58,200 SEK and 64,400 SEK. In that case, practising the Swedish language will open more job opportunities. It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income?We compared the salaries of professionals at the same level but with different college degree levels across many jobs in Engineering in Stockholm, below are our findings.Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a certificate or diploma.Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job. usually create additional differences in the comparisons. The average salary in Stockholm, Sweden is currently around 32.000 SEK after taxes (or roughly 3100 USD) as of 2023. My profession is software development project manager and I have 10 years of experience working in NYC in finance and tech. A person working in Engineering in Stockholm typically earns around 41,500 SEK. Women receive a salary of 667,435 SEK. Sweden usually releases an annual report of job shortages with jobs in the fields of engineering, construction, IT, healthcare, teaching, and trade work featuring every time. Some companies offer upgraded packages to their staff instead of cash money. After arriving in Stockholm, youll quickly notice that the locals are in very good shape. Don't recall much about Kungsholmen and Vasastan. How much money does a person working in IT Management make in Stockholm? You will be getting a comprehensive and reliable salary conversion for Stockholm. As you can see, renting an apartment in Stockholm isnt budget-friendly. Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. Granted upon achieving an important goal or milestone. Those who got bonuses reported rates ranging from 6% to 8% of their annual salary. The cost of eating out will depend on where you eat and how often. Back in the US, I was making $60,000 a year before taxes and that was almost eight years ago. Having read this guide, you should now have a good idea of how much your monthly fees will amount to during your time in Stockholm. A person working in Stockholm typically earns around 49,200 SEK. The data behind your calculation has also been used and trusted by You can also use providers such as Sim Options, which are much cheaper but will still give you a good service. Most locals drink before going out, and youre about to find out why. Men receive an average salary of 785,162 SEK. Is Laramie City, WY, A Good Place To Live? The data displayed here is the combined average of many different jobs. Average energy prices for an 85 square meter apartment, which includes things like electricity, heating, and water, costs 822.62 SEK (c.$82) per month. Average salary in Stockholm is 751,036 SEK per year. The most standard form of bonus, where the employee is awarded based on their exceptional performance. With that being said, professions such as lawyers, psychiatrists, and doctors require some form of certification. Example:A graphics designer working for a graphics designing company. 21 High Paying Jobs That Don't Require a College Degree! While Stockholm has plenty of things to do for free, treating yourself once in a while is a good idea. Employees that are directly involved in generating revenue or profit for the organization. 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. The highest salaries are found in the cities of Stockholm, Goteborg, and Malmo at an average gross of $64,993, $59,738, and $53,880 a year. Local taxes are levied on employment income at rates ranging from 29% to 36%. Salaries range from 12,400 SEK (lowest average) to 220,000 SEK (highest average, actual maximum salary is higher). Every employed person on the world should know this website. Stockholm is one of the largest Scandinavian capitals in Northern Europe, as well as one of the fastest-growing cities in the world. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. the cities of your choice are paid. 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. Advertisement For chefs and sous-chefs, the average salary in Sweden before tax is 33,700 kronor ($3,492) per month. Without rent, the average cost of living for you will amount to roughly $969 per month. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.The decision really depends on the situation and experience among many other factors. Includes graphs, sample prices, and key statistical parameters. Danish shoe brands: Fall head over heels for these Danish shoes, The best Scandinavian Christmas tree decorations and ornaments. If you go somewhere fancier, youll pay 250 SEK and upwards ($25.53+). They sell directly only to companies, which are able and willing to pay much more than individual expats can. Experience and education play a very huge part in the final earnings. Ultimately, you can expect strong workers rights in Sweden, along with attractive employment conditions. Individual - Taxes on personal income Last reviewed - 30 January 2023 Employment income tax for residents Employment income is taxed at the following rounded taxable income amounts (2023): * Swedish kronor ** This rate equals the average municipal tax rate. At the end of the day, we have more up-to-date, more abundant data than Mercer and AIRINC, but unlike them we do not The numbers seem to support this tactic. Most of these minimum wages tend to be about 60-70% of the average wage in Sweden. Hourly jobs pay per worked hour. Different experiences affect earning as well. Those that include cohabiting adults with adult children had the highest average disposable income at $94,900, while single-person households recorded the lowest disposable income at an average of $25,773. the Below are a couple of tips to get you started. If youre interested in grabbing a coffee in the capital, expect to pay around 25 SEK (c.$2.55) for one. You might have to deal with limits; check with your provider before traveling. With a mix of multinational and high-profile local companies, Stockholms job market is impressively dynamic. Everything you need to know about travelling in Scandinavia. 593,999 SEK, 594,000 SEK - As a single person moving to the Swedish capital, you can save money by moving into a shared apartment. Sweden has a good variety of network providers. and abundance of prices for all the items used in the cost-of-living basket The figures provided here are averages of numbers. the Markets Research division of, live as good or better as you now live in your city, comprehensive and reliable salary conversion, Get ready for your salary negotiation for only $10 USD, form to build your own salary calculation. A good salary living in Stockholm's city centre is around $1,300/month for a single person and $2,400/month for a family of four. If you want to rent a one-room apartment in the main parts of the city, Numbeo reports that the average rent in Stockholm is 14,611.62 SEK (just under $1,500) per month. Youll have to pay 1,500 SEK ($153.93) plus a single ticket as an extra insult to injury. We don't have to pass big overhead and sales costs down to you. The figures mentioned above are good approximations and are considered to be the standard. Third, we also sell the salary calculations spending a fraction of the cost that they have. Start today with Teleport Zen. To view accurate figures, choose a specific job title. more realistic than the ones offered by the big multinationals. Space being at least 60 sqm to ideally 85 sqm. Copenhagen red light district: Where is it, and is it safe? Any ball park estimate on rent for 1bedroom all the way up to 2bedroom? 161,999 SEK, 162,000 SEK - ICA is a popular chain throughout the country, and prices are reasonable; Hemkp is pretty expensive, but you have an excellent selection to choose from. Several international companies, including communication and innovative technology businesses, are based here. At the moment, we offer paid salary calculations for 190 cities. Sweden has an excellent healthcare system that is universal. Where can you get paid more, working in a private company or the government? about the direct cost of living difference between two specific cities. The analysis revealed that roughly 65% of all reported salaries fell within the range of 37,100 SEK to 47,700 SEK. We are trying to make quality salary calculations available to normal Those figures should be taken as general guidelines. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country. For those who want to drive, gasoline costs $1.62/litre and youll also have to budget for repairs, maintenance, and insurance costs. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. This can lead Most of the agreements include minimum wage rates for different jobs within the industry, which are often differentiated by the employees levels of education, work experience, age, and seniority. 33,765 Employee Salaries in Stockholm, Sweden | Glassdoor Real salaries at 5,692 companies in Stockholm, Sweden. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Engineering in Stockholm earn less than 28,200 SEK, while 75% of them earn more. Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. Additionally, the diagram reveals that 75% of individuals earn less than 64,400 SEK, while 25% earn more than that. Swedens government regulates alcohol and slaps a heavy tax on alcohol purchases, which makes the beer prices quite high especially in the inner city of Stockholm. 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). This is a very rough estimate. We sell our salary calculations directly to you from the internet, without a sales consultant spending days or weeks This will give you a stronger position to negotiate a better offer. The figures provided here are averages of numbers. A typical agreement will include provisions for normal working hours, overtime hours and pay, annual leave, sick leave, parental leave, and pensions among other things. We use both PayPal and Braintree as our payment processors. Additionally, we do not collect or store any credit card or other payment details on the site at any time. Example:A graphic designer in the marketing department of a hospital. Percentage increase and decrease are relative to the previous value. Congratulations youre in for quite the adventure! This reflects the fact that the cost of living is generally higher in the capital city. How to compare your salary. Throughout the city, youll also find various museums and theaters. You will know exactly how much more (or less) money you will need in Stockholm to Their expertise is usually different from that of the core business operations. Compared to my friends in Sweden, that's . The base salary for jobs in Engineering in Stockholm ranges from 28,200 SEK to 46,600 SEK. It is not easy to provide a figure with very little information, so take this range with a grain of salt. Pros and Cons of Living in Casper WY, Moving To Rio Vista, California? 701,999 SEK, 702,000 SEK - Renting is popular in Stockholm, but you might find that buying an apartment costs you less. Considering that its both very cold and dark from November to early March, your costs are probably going to be higher in the winter than in the summer. As youve probably gathered by now, living expenses in Stockholm are higher than in many big cities. I consent to the privacy policy and terms and conditions. In the field of IT Management in Sweden, the average difference between the salary of male and female employees is 5%. Average Monthly Salary 62,000 SEK ( 743,000 SEK yearly) LOW 33,000 SEK AVERAGE 62,000 SEK HIGH 80,500 SEK All salary figures displayed here are per month except when noted otherwise. salary equivalence for you, it does not include any extra sources of data with Moreover, youll probably need to alter your lifestyle a little. 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