Sweden is one of the most attractive countries for people looking for high standards of living, thanks to the higher than the EU minimum salaries, as well as amazing average wages.
I will go in depth with my analysis below, but if you don’t care about that, here is what you should know:
- The minimum salary in Sweden in 2024, after tax, is around €1,600 / month (17,800 SEK)
- The average salary in Sweden in 2024 is around €2,680 / month after tax (30,000 SEK)
Even though salaries have constantly gone up since 2015 until late 2022, the health crisis that started in 2020 has also left some effects over the economic evolution of Sweden. This includes the high inflation years of 2022 and 2023.
In other words, salaries didn’t really manage to keep up with the increasing cost of living in the country. However, they remain among the best in Europe and probably the world.
But we’ll go more in depth below, so read on to learn more about the minimum wage in Sweden in 2024, as well as the average salary you can earn here!
What is the minimum wage in Sweden in 2024?
There is no minimum salary decided by law in Sweden. Instead, unions negotiate minimum wages of around 17,800 SEK/month (€1,600), representing the after tax minimum salaries.
These rates negotiated by workers’ unions and agreed directly with the employer vary across the country and from field to field, but you can consider the amount above as a guideline.
If you are earning the minimum wage in Sweden, you will be able to live a modest, but decent life, especially if you share rental costs with others.
This is really a change compared to how most other countries work, and one extra reason to love Sweden.
But you will do even better if you manage to earn the average monthly salary in Sweden – and this is what we’re going to talk about next.
If you want to compare salaries across the Scandinavian countries, I recommend taking a look at my previously published articles below:
- Minimum & average wages in Denmark
- Minimum & average wages in Norway
- Minimum & average wages in Finland
- Minimum & average wages in Iceland
What is the average wage in Sweden in 2024?
The average take home salary in Sweden is around 30,000 SEK per month – which is around 2,680 Euros. This is the NET salary or the amount you end up receiving in your bank account at the end of the month, after taxes.
Overall, compared to the previous couple of years, the average monthly income hasn’t increased a lot in Sweden. However, the average salary still allows Swedes to live a decent life in the country.
However, compared to 2019, the average net salary in Sweden went up by around 600 Euros. However, things have been mostly flat throughout 2023 and 2024 so far.
Have in mind that some jobs are better paid than others. Jobs in the finance sector, but also specialist physicians or PR managers will earn a lot more than maids, cashiers or berry pickers for example – like anywhere in the world.
In other words, don’t expect to move to Sweden and start earning 2,680 Euros per month instantly, especially if you are not a skilled/specialized worker.
These average salaries strongly depend on the education level, experience and skills of the employee, as well as the city you live in Sweden.
Wages tend to be slightly higher in cities such as Stockholm and municipalities such as Danderyd, Lidingo, Taby and Vellinge, and lower in municipalities such as Arjang or Eda.
If you earn the average wage for the region, you will still be able to live a decent life in Sweden, even if you live alone.
It’s even better if you can share some of the costs (accommodation mostly), but overall earning the average salary here can be considered enough for most.
Sweden is amongst the most well-developed countries in Europe, and a great choice if you decide to move and work here, as the minimum and average salaries in the country prove.
Even though minimum wages are not government-regulated, it doesn’t mean that they aren’t good enough to offer a decent life.
Plus, the average salaries in the country are some of the highest in the European Union, allowing you to live a good life here.
And if you end up finding your love here and start a family, prepare in advance by checking out these Swedish girl names with meanings.
If you have any additional information or comments regarding the Swedish wage system, which may help getting a clearer picture of the income in Sweden, don’t hesitate to comment below!