Sweden is one of the most attractive countries for people looking for high standards of living. This is thanks to the higher than the EU average minimum salaries in the country, as well as enticing average salaries.
If you are wondering what are the minimum wages in Sweden, but also the average salaries here, you’re at the right place! We have gathered this data for you and it is valid throughout the country, even though some smaller cities might have slightly lower salaries.
Even though salaries have constantly gone up since 2015 until 2019 – the most recent records of average wages in Sweden available on OECD.Stat, where a gradual but constant increase can be observed – the health crisis that started in 2020 and impacted 2021 as well has also left some effects over the economic evolution of Sweden.
The increase of the GDP during the last two years was considerably lower in comparison to 2019, and so was the productivity of the country.
Even so, Sweden still has a great competitive advantage upon other states, as the inflation rates kept staying below 2%, the maximum unemployment rate that slightly exceeded 9% in 2020 is already going lower, while the salaries are still increasing due to the recently applied reforms.
From all perspectives, therefore, Sweden seems like one of the best choices in terms of pay at the moment.
So, without further ado, let’s check out the minimum wage in Sweden in 2021, as well as the average salary you can earn here.
What is the minimum wage in Sweden in 2021?
There is no mandatory minimum wage declared by law in Sweden. However, general data shows that minimum salaries in the country hover around the 18,000 SEK / month (which is around 1,770 Euros) gross. The NET values (take home) are around 1,550 Euros.
Rates are negotiated by workers’ unions and agreed directly with the employer, considering a fair rate for a decent living and also considering other numbers and statistics from various unions regarding average salaries, as guidelines.
Still, it may be legal to pay even as low as 0 SEK, given the fact that there is no regulated minimum salary, like in most of the other countries from Europe. Of course, in reality that never happens and even the minimum wage in Sweden is good for living a decent life.
Just so you get an idea of how things stand, an average McDonald’s cashier’s minimum salary is around 113 SEK/hour, which is slightly below $13 per hour. Monthly, this means a wage of around 18,000 SEK or 1,770 EUR.
In the HoReCa industry, on the other hand, statistics show that the minimum wage in Sweden in 2021 is slightly higher – around 23,800 SEK monthly (2,330 Euros). All these are gross numbers, the take home pay being slightly lower.
Each employer sets the salary after sessions of careful negotiation, according to several conditions, comparisons and other numbers.
But all in all, even minimum salary in the country – no matter the industry you’re going to work in – is high enough to allow a person to live a decent life – this is really a change compared to how most other countries work, and one extra reason to love Sweden.
Because practically, the average salary in Sweden is actually more than enough to ensure great living standards – and this is what we are going to discuss in the following section.
What is the average wage in Sweden in 2021?
On average, a person working in Sweden full time will receive around 29,100 SEK per month – which is around 2,840 Euros. This is the NET salary or the amount you end up receiving in your bank account at the end of the month.
According to OECD.Stat, the average gross wage in 2019 in Sweden was 438,350 SEK yearly, which translates into 43,000 Euros per year or 3,583 EUR/month. (Remember, these are gross values!)
Despite the fact that 2020 and 2021 so far have been pretty unique to say the least, average wages kept going up – although at a slower rate.
For example, from January 2021 to June 2021, salaries have only grown by 2.2%, which is just slightly above the current inflation rate. But at least they are going up and down, right?
According to OECDBetterLifeIndex, the average salaries in Sweden are lower than the OECD average, and there is also a considerable gap that can be observed between the poorest and the richest employees.
According to their statistics, the bottom 20% of the population earn four times lower than the top 20%.
In other words, don’t expect to just move to Sweden and start earning 2,840 Euros per month instantly (which is the average net wage in the country at the moment).
Keep in mind that all these average salaries strongly depend on the education level, experience and skills of the employee, as well as on the city chosen from 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. This goes on par with the cost of living in Sweden, which is higher than in most European countries.
The amazing public services, the excellent corporate culture promoting work-life balance & harmony, as well as all the other wonderful things this country has to offer are all encouraging people to move here. And, as we can see above, salaries also play a major role in this.
In fact, according to the LIME Assessment Framework (LAF) regarding education, Sweden scores over 10 points – which means that it is amongst the only three European states that classify in the category of countries with good educational performance, along with Germany and Austria.
With 14 points obtained assessing early leavers from education & training, Sweden actually has the best performance in Europe.
So, with great public service, amazing education, kind people and high standards of living, Sweden seems one of the best places to move to, not only for studies but also for work.
In conclusion, Sweden is amongst the most well-developed countries in Europe, and a great choice if you decide to move and work here.
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.
According to OECDBetterLifeIndex, Sweden performs wonderfully in multiple dimensions of well-being, compared to most other countries, ranking above average in all measures, from civic engagement, sense of community and environmental quality to public service, education, work-life balance, jobs and salaries, safety and health.
As for the minimum and average wage in Sweden 2021, these are also helping us all get a better understanding of the standards and costs of living expected in this country.
So, if you have any additional information or comments regarding the Swedish system, that may help in getting a clearer picture of the incomes and outcomes in Sweden, feel free to comment below!