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Average Salary in Sweden 2020

How much money does a person working in Sweden make?


Average Monthly Salary
117,000 SEK
( 1,400,000 SEK yearly)

LOW
15,800
SEK
AVERAGE
117,000
SEK
HIGH
518,000
SEK

A person working in Sweden typically earns around 117,000 SEK per month. Salaries range from 15,800 SEK (lowest average) to 518,000 SEK (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Sweden

Median and salary distribution monthly Sweden
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The median, the maximum, the minimum, and the range

  • Salary Range

    Salaries in Sweden range from 15,800 SEK per month (minimum salary) to 518,000 SEK per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 110,000 SEK per month, which means that half (50%) of the population are earning less than 110,000 SEK while the other half are earning more than 110,000 SEK. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of the population are earning less than 56,600 SEK while 75% of them are earning more than 56,600 SEK. Also from the diagram, 75% of the population are earning less than 295,000 SEK while 25% are earning more than 295,000 SEK.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Sweden costs anywhere from 585,000 Swedish Krona(s) to 1,750,000 Swedish Krona(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.



Salary Comparison By Gender

Salary comparison by gender monthly Sweden
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Sweden earn 5% more than their female counterparts.

Female
114,000 SEK
Male+5%
120,000 SEK
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Sweden

How much are annual salary increments in Sweden? How often do employees get salary raises?

Sweden

Employees in Sweden are likely to observe a salary increase of approximately 8% every 16 months.

Annual Salary Increment Rate Sweden
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Sweden is 6%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Sweden for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Sweden

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sweden
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48% of surveyed staff in Sweden reported that they haven't received any bonuses or incentives in the previous year while 52% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
52%
No Bonus
48%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Sweden
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Where can you get paid more, working for a private company or for the government? Public sector employees in Sweden earn 5% more than their private sector counterparts.

Private Sector
114,000 SEK
Public Sector+5%
120,000 SEK
Percentage increase and decrease are relative to the previous value

Salary Trend and Forecast in Sweden

How are Sweden salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Sweden
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Average Salary 2016
106,000 SEK
Average Salary 2017+4%
110,000 SEK
Average Salary 2018+2%
111,000 SEK
Average Salary 2019+2%
114,000 SEK
Percentage increase and decrease are relative to the previous value

Salaries in Sweden are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant83,600 SEK
Accounting Assistant81,200 SEK
Accounting Manager151,000 SEK
Bookkeeper63,800 SEK
Chartered Accountant100,000 SEK
Corporate Treasurer212,000 SEK
Financial Analyst120,000 SEK
Financial Manager243,000 SEK
Internal Auditor122,000 SEK

Administration / Reception / Secretarial
Administrative Assistant60,900 SEK
Office Manager81,200 SEK
Receptionist66,700 SEK
Secretary65,800 SEK

Advertising / Grapic Design / Events
Art Director120,000 SEK
Creative Director120,000 SEK
Graphic Designer85,500 SEK
Photographer77,300 SEK

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer132,000 SEK
Air Traffic Controller124,000 SEK
Flight Attendant106,000 SEK
Pilot138,000 SEK

Architecture
Architect111,000 SEK
CAD Drafter86,400 SEK

Automotive
Mechanic65,000 SEK
Service Advisor99,100 SEK

Banking
Bank Branch Manager178,000 SEK
Teller79,700 SEK

Bilingual
Teacher87,600 SEK
Translator100,000 SEK

Business Planning
Business Analyst147,000 SEK
Business Development Manager178,000 SEK
Project Manager144,000 SEK

Care Giving and Child Care
Nanny76,500 SEK
Nursery Teacher87,000 SEK

Construction / Building / Installation
Civil Engineer103,000 SEK
Construction Project Manager134,000 SEK
Health and Safety Officer77,300 SEK

Customer Service and Call Center
Call Center Representative79,000 SEK
Customer Service Manager164,000 SEK
Customer Service Representative88,000 SEK

Engineering
Civil Engineer103,000 SEK
Electrical Engineer115,000 SEK
Engineer108,000 SEK
Mechanical Engineer121,000 SEK

Executive and Management
Chief Executive Officer278,000 SEK
Chief Financial Officer236,000 SEK
General Manager218,000 SEK
Project Manager133,000 SEK

Food / Hospitality / Tourism / Catering
Chef93,600 SEK
Executive Chef103,000 SEK
Hotel Manager176,000 SEK
Receptionist87,600 SEK
Travel Agent96,900 SEK
Waiter / Waitress72,200 SEK

Health and Medical
Dentist275,000 SEK
Dietitian273,000 SEK
Laboratory Technician93,100 SEK
Nurse97,800 SEK

Human Resources
Human Resources Manager166,000 SEK
Human Resources Officer102,000 SEK

Information Technology
Computer Technician90,700 SEK
Database Administrator115,000 SEK
Developer / Programmer105,000 SEK
Information Technology Manager168,000 SEK
Network Engineer104,000 SEK

Law Enforcement / Security / Fire
Police Officer93,200 SEK

Legal
Attorney167,000 SEK
Legal Assistant83,400 SEK

Media / Broadcasting / Arts / Entertainment
Journalist122,000 SEK

Pharmaceutical and Biotechnology
Biomedical Engineer101,000 SEK
Pharmacist133,000 SEK

Sales Retail and Wholesale
Cashier65,500 SEK
Sales Manager191,000 SEK
Sales Representative79,900 SEK

Teaching / Education
Elementary School Teacher79,000 SEK
Secondary School Teacher101,000 SEK

Average Hourly Wage in Sweden


670 SEK per hour

The average hourly wage (pay per hour) in Sweden is 670 SEK. This means that the average person in Sweden earns approximately 670 SEK for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Salary Comparison By City

CityAverage Salary
Goteborg117,000 SEK
Malmo106,000 SEK
Stockholm128,000 SEK
45484 - 529

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