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SALARY PAYMENT IN Swedish Krona (SEK, kr)
CONTRACT LANGUAGES Swedish / English
PAYROLL TAX 31.42%
PAYROLL CYCLE Monthly
TIME TO HIRE 24 hours
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Sweden
The average annual salary in Sweden is around SEK 481, 200.
Average wages in Sweden decreased to 193 SEK/Hour (2832.482 USD/Month) in July 2023. The maximum rate of the average wage for employees was 184 SEK/Hour, and the minimum was 134 SEK/Hour.
Wage growth in Sweden increased by 3.1 % in June 2023 over the same month in the previous year. The maximum growth was 7.1 %, and the minimum was 1.4 %.
The average salary in Stockholm is higher than the national average, at around SEK 43,600 per month. This reflects the fact that the cost of living is generally higher in the capital city.
Sweden, and Scandinavia in general, has among the highest average salaries in the world. Sweden has similarly high salaries to Norway, its closest neighbor, but a significantly higher average than other nearby countries such as Poland, Estonia, and even Germany.
The average salary for tech workers in Sweden is SEK 43,000 per month. The average salary for tech workers in Sweden varies greatly depending on speciality and company, with the highest average salaries as high as SEK 50,000. Companies seeking the absolute top talent in Sweden pay sums sometimes doubling or tripling the average, with the highest around SEK 130,000 per month. However, decent tech workers in Sweden can be hired at close to average.
Engineers in Sweden earn an average of SEK 45,000 – 51,000 per month.
Salespeople in Sweden earn an average of SEK 39,000 per month. This number can vary greatly depending on the industry and sales volume of the salesperson.
Salary largely depends on one’s experience, with higher experience often leading to increased wages.
In Sweden, those with 2-5 years of experience typically see a 32% salary increase compared to their less experienced counterparts across various sectors.
Professionals with over five years of experience generally earn 36% more than those under five years.
Salaries typically rise by 21% after a decade of employment and an additional 14% for individuals surpassing 15 years in the workforce.
However, these numbers are general guidelines; specific job titles provide a more precise salary determination.
If you are looking to hire in Sweden, or you need recruitment support, contact Horizons for a quote on EOR and recruitment services. We can advise on best hiring practices for your hiring project in Sweden.
Your business can easily hire employees in Sweden without opening a local entity. We handle local employment law, complex tax regulations, and international payroll in 185 countries worldwide. All you need to do is focus on your business.
There are two options if your budget is less than the average salary in Sweden:
Option 1: Increase the budget
If it is not possible to hire employees in Sweden at your budget, you could consider if there are opportunities to increase the budget. If it is not possible, take a look at option 2.
Option 2: Search in a less-expensive market
With an EOR like Horizons, you are not limited to hiring only in Sweden. You become much more flexible in your hiring options and are able to open your talent search to other, more affordable European markets.
The average salary in Sweden does not deviate much from the national average; Värmland and Västernorrland are among the lowest at around SEK 38,500 per month.
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