Sweden’s pay rise bucks the global trend towards low wages. Since the late 1970s, wages as a share of GDP have fallen in both advanced and developing economies, while the profit share has increased. In fact, according to the International Labour Organization, the wage share has fallen in 91 out of 133 countries.
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Are Swedish salaries high?
The average salary in Sweden is fairly high: 26,000 SEK per month (2,600 USD). However, keep in mind that this takes into account Sweden’s high cost of living. Expats can expect to spend nearly 30% of their income on rent alone.
Does Sweden have a high minimum wage?
Because Sweden does not have a minimum wage, there is no mandatory minimum rate of pay for workers in Sweden. Pay rates must be agreed upon directly with the employer through collective bargaining or other means of negotiating a fair living wage.
What is considered high income in Sweden?
Based on Statistics Sweden’s (2018a) data on salary dispersion by sector, the lower threshold of the top 10% high-income group is a monthly wage of SEK 49,200 before tax. For women, this is SEK 45,000 and for men SEK 53,100, while the average monthly wage in 2018 was SEK 34,600 before tax (Statistics Sweden 2018a).
What is the average salary in Sweden?
The average salary in Sweden is 32,800 SEK (3,400 EUR), which makes 25,355 SEK (2,650 EUR) after taxes. The salaries in the IT sector range from 35 000 SEK to 55 000 SEK.
Do jobs in Sweden pay well?
Which occupations have the highest average salary in Sweden? In 2019, banking, finance and insurance managers working at a higher level earned an average salary of roughly 143.3 thousand Swedish kronor. Financial brokers got the second highest salary, amouting to 102.6 thousand kronor.
What is Sweden’s minimum wage?
Just like some other highly developed European nations, Sweden does not have an official minimum salary. Minimum salaries are generally negotiated through workers’ unions. As a reference, the salary for a McDondald’s cashier is hovering around 101 to 125 Swedish Krona, or roughly 15 USD per hour.
Is it expensive to live in Sweden?
Is it expensive to live in Sweden? Every day expenses fluctuate depending on where you live, but overall the average cost of living in Sweden is high. The bulk of this high cost is due to rent prices, which climb by about 1% each year.Housing in Sweden has become so fierce that there are first and second-hand rentals.
What are the drawbacks of living in Sweden?
List of the Cons of Living in Sweden
- You will need to get used to the climate in Sweden.
- People in Sweden tend to isolate and stay in their comfort zone.
- You will quickly discover the unwritten rules of the Law of Jante in Sweden.
- Health insurance in Sweden does not cover everything.
Is Sweden expensive?
On a global scale, Sweden isn’t even in the top 10 most expensive countries. Most surveys rank the overall cost of living below that of the UK, Australia and New Zealand. Americans may find Sweden considerably more expensive than it is at home, however.
Why is the life expectancy in Sweden so high?
Citizens’ longevity is due in part to Sweden’s commitment to environmental cleanliness. The water quality is satisfactory; 96 percent of those included in a poll approved of their country’s drinking water. A lack of pollutants may also contribute to Sweden’s higher-than-average life expectancy.
Is UK richer than Sweden?
Sweden has a GDP per capita of $51,200 as of 2017, while in United Kingdom, the GDP per capita is $44,300 as of 2017.
Is Sweden a good place to live?
Sweden is a wonderful place to live with its kind people, excellent public services and corporate culture that encourages people to have a good work-life balance. It is no surprise that many people decide to move to Scandinavia’s largest country to enjoy all of the things that Sweden has to offer.
Is it hard to get a job in Sweden?
Sweden is a great place to work and comes with a heap of benefits that you don’t get in many other countries. But getting started is hard. There are English speaking jobs here, but they are few and far between, and competition is fierce.
How much is a house in Sweden?
House Prices in Sweden
The average price to buy across Sweden is around 53,500 SEK per m² (5,200 USD). The average price to buy a home in Stockholm, Sweden’s most expensive city, is around 74,900 SEK per m² (8,600 USD).
How much money do you need to live comfortably in Sweden?
You’ll need around SEK 8,568 per month to cover your living costs. You might spend more than that. Or you might spend less. Your monthly costs will depend on a few things.
What jobs are in high demand in Sweden?
Together with the Public Employment Agency the Swedish Migration Agency produces a list of in demand occupations.
According to the 2019 list Sweden needs:
- architects.
- civil engineers.
- construction workers.
- dentists.
- firefighters.
- interpreters.
- lawyers.
- medical secretaries.
What is the most common job in Sweden?
assistant nurses
The most common occupation in Sweden was “assistant nurses, home care and homes for the elderly”. Women accounted for 91 percent and men accounted for 9 percent of people with this occupation.
How much is rent in Sweden?
Accommodation
| Short-term | Price per night |
|---|---|
| Long-term | Rent per month |
| One-bedroom apartment (city centre) | 9000–12,000 SEK |
| One-bedroom apartment (suburbs) | 7000–10,000 SEK |
| Student dorm/apartment | 3000–6500 SEK |
How many hours work in Sweden?
40 hours
Normal working hours in Sweden are 40 hours a week with an upper limit of 48 hours. Obviously, there is no limit for managers who sometimes have to work at home. Due to the development of telecommunications, more and more Swedes are used to working from home.
How much does a Mcdonald’s employee make in Sweden?
McDonald’s in Stockholm, Sweden Area Salaries
| Job Title | Location | Salary |
|---|---|---|
| Mcdonalds Crew Member salaries – 2 salaries reported | Stockholm, Sweden Area | SEK 95/hr |
| Student salaries – 2 salaries reported | Stockholm, Sweden Area | SEK 97/hr |
| Kitchen Employee salaries – 1 salaries reported | Stockholm, Sweden Area | SEK 129/hr |
