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Oct 8, 2021

Sweden Salary - An Average salary in Sweden for IT professional


Here is some of most asked FAQ on salary in Sweden.


Q. Is 40K Sek a good salary for an 8 year experienced software engineer in Sweden ?
40K Sek is avarage salary.


Q. How much can I save on a salary of 475,000 SEK? I hear the taxes are really high.
This would give you about 27000sek after tax. Rent, home insurance and electricity 13500sek. So you get about 13500kr left. If you don’t own a car, and if you plan to eat your own food, you have about 9000sek left. Then you need clothes, personal hygiene, travel, it/media, bars&beer… If you can save 1000kr, that would be an achievment!


Q. Is 25,000 SEK (gross) a good salary for a non-married software engineer in Lund, Sweden with 10 years of experience?
No.
The average salary for all jobs in Sweden 2019 was 35 300. 25 000 would place you below the 10% percentile and below the lowest salary for any job at McDonalds. Married or single, male or female.You should be towards 40 000, more if you are 30+ of age.

Q. How big will be my pension in Sweden, if I move to Sweden and start my first job at the age of 40, with average salary (recruiter or admin specialist in cities like Malmö, Göteborg, Helsingborg, Stockholm)?
If you make LOTS of money, the pension will be ok.


Q. Is SEK 60000/month (before tax) a good salary for a single person in Stockholm, Sweden?
I would say that if you don’t require a lot of space and would be fine in a 2 room unit of about 25 - 35 kvm, and can cook decent meals for yourself, you should be quite comfortable with the salary.

That said, the taxes are high, but the kickbacks from paying such high taxes are quite sweet as well. Unless you demand that your daily meals must be had outside, and your only recreational activity is drinking and going to the movies… You should be quite alright even if you decided to live somewhere near the city center.


Q. What savings can I draw with 44000 SEK salary in Stockholm as a single person, considering I like to eat out and drink also?
This ultimately comes down to what cost of living you will have. But you should expect to save more then 10k SEK per month. Why? Sweden is freaking expensive. Cocktail is 6 cl over 150 SEK minimum and a pint 80 SEK plus. City lunch is 100 SEK plus. But paying tax in Sweden will enable you to subventioned (almost free) health care, education and dental if you go to the folktandvården (Good teeth might enable you to 1200 SEK per year unlimited dental care). Most importantly a very large chunk of your income tax and employment fee (What the company will pay to the state for giving you employment) will go to pension. Additionally to this a normal employer will pay 5–15% in private pension for you. (All pension is locked until 55 for private and 65+ as non-private.) As an example I currently have an higher salary then I had in Sweden and can save triple of what I did. But if I want to attend university or need extended medical care I need to pay out of my pocket. Insurance overall is very cheap in Sweden so travel, home and accident policy might be as low as 2400 SEK per year. Income and unemployment might be around double.


Q. Is 62,000 SEK/month a good salary for 9 years of experience in Stockholm?
62000 SEK/month is a good salary in general but it is hard to answer the question, salary will also depends on the sector/company to company.


Q. Is 34,000 SEK per month a good salary for 7 year experienced software developer in big data area with my wife and my 1-year-old daughter in Sweden?
That’s a pretty decent salary. After taxes, your in hand salary could be some where from 25k sek to 27k sek. As you may know, the healthcare and education in Sweden is free and so is child care. So, it is good for your daughter. A 2 bedroom apartment will cost you around 8k to 10k sek per month. This will be the biggest expense out of your pocket every month. So, choose wisely. It’s a pretty decent amount for a family of your size. But, don’t expect to save a lot in this.

Rest it all depends on your spending habits as to how much you can save and the kind of lifestyle you can pursue.


Q. Is 46000 SEK Gross salary good enough for a family of three in Lund, Sweden?
Yes, that should be quite comfortable. It would be commensurate with the earnings of a senior lecturer or associate professor. You would find yourself with about 30.000 in take home pay a month, which is well above the national average.

The children are not really going to cost you anything, because education is free and their health insurance is automatic.


Conclusion :

A salary of more than 45K is decent to stay in Sweden, Taxes are high there but you will get healthcare and other benefit.

Sweden is nice country to stay but as always there are proc and cons.

Pros :
  1. Nice country
  2. Good landscape and greenery
  3. Life style is more than good compared to India


Cons :
  1. Rent is expensive
  2. Car is expensive
  3. Life style is expensive
  4. Smoking/drinking is way higher and too much expensive
  5. Saving might be less , it is depend on your current salary and expenses.

I think it would be a good decision to stay in Sweden for few years , you should be able to decide by that time if you want to move on or stay.

All data here is based on my research done on internet.

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