SALARY IN SWEDEN
Sweden is a developed European country with a population of slightly over 10 million people, located in the northern part of Europe on the Scandinavian Peninsula. It is washed by waters of Baltic Sea. It has a land border with Norway and Finland. It is very comfortable country for living and working with high social standards, strong economy and developed institutions of democracy.
In Sweden there is low crime rate, high-quality medicine and good ecology. Favorable conditions for professional activity and career growth are created here. The country has decent salaries and a stable labor market. At the same time, it is a very expensive country to live in, with high taxes. Let's find out what salaries in Sweden in 2023.
Minimum salary in Sweden
The official minimum wage in Sweden is not set. In most sectors of the economy rates are fixed in special collective agreements between unions and employers. The minimum wage for Swedish workers largely depends on the region, profession, education, skill level, experience and many other factors.
Sweden's Central Bureau of Statistics tracks the national average wage in major occupations, and unions collect statistics from their members. These figures and some other indicators are then used as benchmarks during individual negotiations and collective bargaining.
Nominally, Swedes work about 38 to 40 hours a week (225 working days a year). Paid annual leave is five to six weeks. Temporary sick leave is partly paid at up to 80% of salary. Overall, the minimum wage in Sweden in 2023 is about 1,500-2,000 U.S. dollars per month. This is one of the highest in the European Union.
Average salary in Sweden
According to official data from the Swedish Bureau of Statistics, the average wage in Sweden in 2023 is 188.5 Swedish kronas per hour, the equivalent of 18 U.S. dollars. Monthly local workers receive 43,200 kronas ($4,065). After tax deductions, that leaves about 31,609 kronas ($2,975).
The highest income in Sweden are in finance and insurance (51,700 kronas), while workers in accommodation and food services earn the least (26,100 kronas).
| Sector of economy | Kronas per month | U.S. dollars per month |
| Finance and insurance | 51,700 | 6,200 |
| Information and communication | 45,100 | 5,410 |
| Professional and scientific-technical activities | 42,800 | 5,130 |
| Supply of electricity, gas, steam and air conditioning | 42,600 | 5,110 |
| Mining and quarrying | 39,900 | 4,785 |
| Real estate operations | 37,200 | 4,460 |
| Public administration and defense | 37,000 | 4,435 |
| Manufacture | 36,600 | 4,390 |
| Construction | 35,500 | 4,255 |
| Wholesale and retail trade | 34,100 | 4,090 |
| Water, sewerage and waste management | 33,800 | 4,050 |
| Health care and social work | 31,800 | 3,815 |
| Education | 31,800 | 3,815 |
| Transportation and storage | 31,800 | 3,755 |
| Administrative and support services | 30,100 | 3,610 |
| Arts, entertainment and recreation | 29,800 | 3,575 |
| Agriculture | 28,200 | 3,380 |
| Accommodation and food | 26,100 | 3,130 |
| Other services | 32,200 | 3,860 |
Note. Information on average wages by sector is based on official data from Sweden's Central Statistics Office.
Lastly, note that unemployment in Sweden is around 6-7%, and the income tax rate for earnings over 613,900 kronas a year exceeds 50%.
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