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Home » Europe » Are salaries in Sweden high?

Are salaries in Sweden high?

December 14, 2021 by Shelia Campbell

Salaries. 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.Food in Sweden is very expensive but is of really high quality at the same time.

Contents

What is considered a good salary in Sweden?

A family of four, living in the city center of Stockholm, Sweden’s most expensive city, can comfortably live on a salary of about 23,000 SEK (2,400 USD) per month. For a single expat in the same city, a good salary would be 12,800 SEK (1,300 USD) monthly.

Are wages high in Sweden?

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.

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.

Is Sweden considered rich?

Sweden is the world’s 16th wealthiest country. Its Gross Domestic Product (GDP) per capita is just below Germany’s in the OECD’s rankings.

Is Sweden expensive to live?

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.

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Is living in Sweden worth it?

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.

What is Sweden’s 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 the basic salary in Sweden?

The salary range for people working in Sweden is typically from 20,534.00 SEK (minimum salary) to 60,385.00 SEK (highest average, actual maximum salary is higher).

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).

Who earns most in Sweden?

Top 10 Highest-Paying Jobs in Sweden

  • Lawyer.
  • Bank manager.
  • Chief executive officer.
  • Chief financial officer.
  • Orthodontist.
  • College professor. Average monthly salary: 80,600 SEK (£6,960/ $9,500)
  • Pilot. Average monthly salary: 67,100 SEK (£5,800/ $8,000)
  • Marketing director. Average monthly salary: 60,400 SEK (£5,200/ $7,100)

What are the bad things about 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.
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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.

Is Sweden depressing?

Sweden’s youth are at the highest risk of depression in Europe, according to a study by Eurofound.“Sweden is one of the best places you can live! A significant number of people are not thriving, but it’s still one of the countries in the world where most people are happy.” Happiness is relative though.

Is Sweden unequal?

Income inequality highest in Sweden
From having the second-lowest level of inequality in 2000, by 2017, Sweden had the highest level of income inequality in the Nordic Region. The overall income inequality between households in the same municipality was also higher in Sweden than in the other Nordic countries.

Can you be a millionaire in Sweden?

Roughly one in ten Swedes are millionaires in Swedish crowns, according to data from SBAB, a Swedish bank. (A million Swedish crowns, when converted to US dollars, is worth about $125,000.)

Is Canada more expensive than Sweden?

Cost of living in Sweden is about the same as in Canada.

Is it easy to get a job in Sweden?

While deciding to live in Stockholm is an easy choice, the practice of finding a job can be more difficult. There are some hurdles you’ll face as a non-Swede, and the overall job market isn’t massive. For those with determination, however, jobs can be found and the payoff is sweet.

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Is Sweden good for foreigners?

Sweden is frequently ranked among the most attractive locations in the world for expats, thanks to its high standard of living, flexible working culture and abundant nature. Swedes are also the best in the world at speaking English as a second language, which helps provide a soft landing for fluent newcomers.

Is moving to Sweden Hard?

Moving to Sweden from the rest of the world
For non-EU citizens, the process is much more difficult. Unless you’re moving to study (for which a separate permit applies), you’ll need to apply for a work permit. This can only be done once you have a firm job offer in hand.

Should I move to Norway or Sweden?

Norway is better in integration of refugees and other immigrants in a general view, but has a lower share of working people compared to Sweden, even if the unemployment rate is close to the rate in Sweden. The unemployment rate is low in welfare countries anyway.

Filed Under: Europe

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About Shelia Campbell

Sheila Campbell has been traveling the world for as long as she can remember. Her parents were avid travelers, and they passed their love of exploration onto their daughter. Sheila has visited every continent on Earth, and she's always looking for new and interesting places to explore.

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