Average Salary in Sweden

Written by Luis Minvielle Moderated by Oleksandra Dosii

Luis Minvielle

Luis is a writer with over 5 years of experience in B2B software. Even though he has always worked in tech, a sector he regularly publishes about, his initial incursions into writing were, curiously enough, music essays discussing scenes from different parts of the world—most likely to deal with his unfulfilled ambition of becoming a neo-soul crooner.

Oleksandra Dosii

Oleksandra is a dedicated marketer with a passion for growing HR-tech products. She believes content marketing is about delivering high-quality content that provides value—not just generating leads. Since 2016, Oleksandra has been involved in tech talent relocation.

Last update: October 8, 2024

Next update: Scheduled for February 1, 2025

What is the average salary in Sweden?

In 2024, the average monthly salary in Sweden was SEK 34,800 (€3,060), making a yearly salary of SEK 417,600 (€36,821) before taxes. This is according to a report from Statistics Sweden in 2023. Using these numbers, we can assume the average daily income in Sweden is approximately SEK 1,657.14 (€145).

For an 8-hour workday, this translates to an hourly wage of about SEK 207.14 (€18), assuming there are 21 workable days per month. This means Swedish salaries are well over the EU average of €28,217 (2023).

What is the average salary in Stockholm?

In Stockholm, the average monthly salary in 2023 was about SEK 38,400, which is a bit higher than the national average. This translates to an annual salary of €40,631. This is mainly because the city is home to many big industries like tech, finance, or video games, which offer great job opportunities, but living costs, especially housing, tend to be higher than in other parts of the country.

What is the average salary in Malmö?

In 2023, the average monthly salary in Malmö was around SEK 35,100 SEK, which is still slightly above the national average. Yearly, this will look like SEK 421,200 or €37,139. Living costs here are often lower than in cities like Stockholm, making it a great place for people looking for a balanced lifestyle. Plus, it is close to Copenhagen and the Swedish coast.

What is the minimum wage in Sweden?

Sweden does not have a formal, national minimum wage. Instead, wages are determined through collective bargaining agreements (CBAs) between trade unions and employers. These agreements set minimum salary levels for different sectors and professions. Most workers in Sweden, including those employed by its prestigious auto industry, are covered by these agreements, which help guarantee fair wages even without a government-mandated minimum wage. Elon Musk is well-informed about these terms and conditions.

What is a good salary in Sweden?

To determine a good salary in Sweden, we can look at average monthly expenses. In Sweden, a single person's estimated monthly costs, including rent for a one-bedroom flat, total around SEK 20,306 (€1,786). Considering a tax rate of about 30%, a good net salary would be approximately SEK 28,900 (€2,541) per month. In contrast, in Stockholm, where the total monthly costs reach about SEK 27,718, a good net salary would be around SEK 39,600 (€3,482) per month.

Average salary after tax in Sweden

In Sweden, the tax system is progressive, meaning that higher-income earners pay a larger percentage of their income in taxes. The overall tax liability — it’s hard to call it a “burden” considering how well taxes are spent — includes both national and municipal taxes. For most people, the municipal tax rate is about 30% to 35%, while the national tax is applied to higher incomes (20% for income above a certain threshold).

Consequently, the national average salary for 2023 is approximately SEK 22,200 monthly, or €2,040, after taxes. To know more, you can check out Taxes in Sweden or use our Tax Calculator.

What are the highest-paying jobs in Sweden?

In Sweden, the highest-paying jobs are typically found in specialised fields like technology, which includes Spotify, medicine, and finance, which includes Klarna, among others. Here are some examples of the most common professions' yearly salaries for expats in Sweden (source: Payscale):

• HR Generalist: SEK 503,824 (€44,312)
• Software Engineer: SEK 490,407 (€43,130)
• Business Analyst, Finance/Banking: SEK 552,000 (€48,547)
• Project Manager (General): SEK 501,490 (€44,105)
• Data Analyst: SEK 463,193 (€40,736)
• UX Designer: SEK 419,304 (€36,876)
• Digital Marketing Specialist: SEK 388,308 (€34,150)
• Senior Product Manager: SEK 695,812 (€61,195)
• Creative Director: SEK 618,000 (€54,351)

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