Average Salary in Sweden 2024

Explore the intricate realm of salary in Sweden, uncovering its pay scale dynamics, prevalent wage gap, yearly increments, and breakdowns based on education levels or years of experience. Gain insightful knowledge on how these factors intertwine to shape the earning potential and overall compensation landscape in Sweden. Discover the intriguing complexities that influence salaries and gain a comprehensive understanding of Sweden's remuneration system in this enlightening article.
Please be aware that the data we are providing is as accurate as possible at this early stage of the year 2024.

However, as we gather more data for 2024, we make adjustments to ensure the highest level of precision.

What is the average salary in Sweden in 2024?

What is the average salary in Sweden in 2024?
4,000USD
(USD 47,300 yearly)
Low 1,800 USD
Average 4,000 USD
High 17,400 USD
A person working in Sweden typically earns around USD 4,000 per month. Salaries range from USD 1,800 (lowest average) to USD 17,400 (highest average, actual maximum salary is higher). This is the average 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.
In comparison with average salary in Sweden in 2023, salaries changed by +0.5% so far. Looking ahead, economists project a gradual recovery in the job market. A complete comparison between 2023 and 2024 will be available at the end of this year.

Pay Scale and Salaries in Sweden

Pay Scale Comparison and Salary Structure

Nearly everyone earns less than USD 17,400, 75% of the people earn USD 5,500 or less. 50% employees earn less USD 3,900 or less, 25% of the employees earn less than USD 2,900.Download chartGet chart linkShare on FacebookShare on Twitter

Salary Structure

Nearly everyone earns less than USD 17,400, 75% of the people earn USD 5,500 or less. 50% employees earn less USD 3,900 or less, 25% of the employees earn less than USD 2,900.

Minimum Wage and Starting Salary

Minimum Wage and Starting Salary refers to the fundamental pay levels for entry-level positions. It encompasses the legally mandated minimum wage and the initial compensation offered to new hires, impacting job seekers and employers alike. Understanding these figures is crucial for ensuring fair labor practices and successful career beginnings. In Sweden the minimum salary is USD 1,800.

Median Salary

By considering the median salary in Sweden of USD 3,200, one can understand the middle point of all salaries in a dataset. This measurement provides a fairer assessment of income distribution and is commonly employed to estimate average earnings in various professions and industries.

Salary range and Percentile

Salary Range refers to the span between the lowest and highest salaries in a given dataset, indicating the scope of potential earnings. Percentile, on the other hand, represents a specific point in the range, showing how a salary compares to others in the dataset, making it useful for benchmarking pay levels. In Sweden the salary ranges from USD 1,800 to USD 17,400.

Annual Salary Increments in Sweden

What is the average annual salary increment in the Sweden? How frequently do employees receive salary raises?

The year 2024 saw employees in Sweden receiving an average salary increment of 0.5%. This figure represents a cross-sectoral average. Comparatively, the global average for 2024 is 0.5%.Download chartGet chart linkShare on FacebookShare on Twitter
In 2024 the workforce in Sweden experienced approximately 0.5% salary growth. It's important to highlight that this figure represents the average across diverse job sectors. Globally, the average salary increase for 2024 stands at 0.5%.

Historical Graph of Annual Salary Increments in Sweden

In the past years, employees in Sweden have seen their salaries rise by an average of 2.5% per year. The increment ranges from 0.5% to 3.6% per year on average.Download chartGet chart linkShare on FacebookShare on Twitter
On average, employees in Sweden experienced a salary increase ranging from 0.5% to 3.6% per year in recent years. This translates to an average increment of 2.5% per year.

Salary Forecast and Trends for the Future in Sweden

There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.7%. Estimated range is between 1.5% and 4.1%.Download chartGet chart linkShare on FacebookShare on Twitter
There are several key factors that influence future of salary growth. That is why we provide range of most probable forecast of salary increments. During next year salary increment will most likely be around 2.7%. Estimated range is between 1.5% and 4.1%.

Gender Wage Gap in Sweden

What is the difference in pay between mens and womens? Men vs. women salary comparison.

Sweden has an actual wage gap of 7.3%.Download chartGet chart linkShare on FacebookShare on Twitter
The gender pay disparity in Sweden is 7.3%.
It's due to many factors, such as:
  • Gender inequality.
  • On average, women have 10% longer paid vacations than men each year.
  • Men are more inclined than women to possess a college degree.
  • Females are more inclined than males to assume caregiving responsibilities for children and elderly relatives.
  • Part-time work is more common among women, and they typically earn less than their full-time counterparts.
  • Women are more likely to work in lower-paying occupations than men.

Salary Comparison by Education Level

How does the education level influence the amount of salary?

The successful completion of high school and attainment of a bachelor's degree bring forth a wide range of advantages. Primarily, they greatly enhance one's career prospects by increasing earning potential and opening doors to a broader range of job opportunities. Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge.Download chartGet chart linkShare on FacebookShare on Twitter

The Benefits of Transitioning from High School to a Bachelor's Degree

The completion of high school and the acquisition of a bachelor's degree offer a myriad of benefits. Above all, it greatly enhances career prospects, resulting in higher earning potential and expanded job possibilities. Apart from financial rewards, pursuing a bachelor's degree fosters personal growth, nurtures critical thinking skills, and provides the chance to specialize in a specific area of interest. It also facilitates valuable networking opportunities and encourages the development of a global perspective. Ultimately, the journey from high school to a bachelor's degree is a transformative experience that paves the way for a more fulfilling and prosperous future.

The Advantages of Progressing from a Bachelor's to a Master's Degree

Advancing from a bachelor's degree to a master's degree offers several compelling advantages. Firstly, it deepens one's expertise and knowledge in a specific field, making graduates highly sought-after specialists in their areas of study. This advanced education often leads to even greater earning potential and career advancement opportunities. Additionally, master's programs often emphasize research and critical thinking, honing these skills for practical application in professional settings. Networking opportunities expand further, connecting students with experts in their fields. Lastly, pursuing a master's degree is a significant personal achievement, reflecting dedication and a commitment to lifelong learning, which can contribute to personal growth and fulfillment.

The Advantages of Advancing from a Master's to a Ph.D. Degree

Continuing from a master's degree to a Ph.D. brings numerous benefits. Firstly, it allows individuals to become true experts in their chosen fields, conducting groundbreaking research and contributing to the advancement of knowledge. This expertise often leads to prestigious career opportunities in academia, research, and leadership positions in various sectors. Ph.D. programs foster advanced critical thinking, problem-solving, and analytical skills, making graduates highly adaptable and innovative. Networking opportunities expand even further, with collaborations and connections in the global academic and professional communities. Pursuing a Ph.D. is a testament to perseverance, intellectual curiosity, and a commitment to pushing the boundaries of human understanding, ultimately leading to a fulfilling and influential career.

Salary Breakdown Based on Career Levels

How does an individual's salary evolve as time goes on?

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company. Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of approximately 6%-10%. Expertise and leadership attain higher recognition and greater financial rewards. Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.Download chartGet chart linkShare on FacebookShare on Twitter

Salary increase going from Junior to Intermediate

Promotion from junior to intermediate role brings increased responsibilities and expertise. Generally, salary rises significantly, often 15%-19% higher, reflecting higher skill level and value to the company.

Elevation from Intermediate to Senior Role Brings Salary Advancement

Elevated from intermediate to senior role, responsibilities expand, along with a substantial salary hike of around 6%-10%. Expertise and leadership bring higher recognition and greater financial rewards.

Executive Promotion: Salary Increase from Senior Position

Ascending from senior to executive role amplifies responsibilities. Typically, salary surges significantly, often 23%-27% higher, mirroring strategic influence and heightened leadership contributions.

Average Hourly Wage in Sweden

What is the average hourly wage in the Sweden?

Average Hourly Wage
23USD
Low 10 USD
Average 23 USD
High 102 USD

What are the disadvantages of being paid on an hourly wage basis?

  • Income instability: Dealing with irregular or fluctuating income from hourly wages can make it challenging to budget and plan for expenses.
  • Limited earning potential: Hourly workers may face limitations in terms of the number of hours they can work, which can restrict their earning potential compared to salaried positions.
  • Lack of benefits: Hourly workers often have fewer or limited benefits such as paid time off, health insurance, retirement plans, and other perks normally affiliated with full-time employment.
  • Inconsistent work hours: Hourly workers may experience unpredictable work schedules, including shifts that vary in duration or irregular hours, which can upset work-life balance and make it difficult to maintain consistent routines.
  • Uncertain job security: Compared to salaried positions, job insecurity can be heightened in hourly positions due to their vulnerability to layoffs, downsizing, or changes in demand.
  • Limited career advancement: There are instances where hourly employment offers restricted opportunities for career growth, professional development, or upward mobility within the organization.
It's important to note that these disadvantages may not apply universally and can vary depending on specific job circumstances and individual preferences.

Highest and Lowest Paying Jobs in Sweden

What are the best paying jobs in Sweden?

List with best paid jobs in SwedenDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs Sweden?

  1. Surgeon (USD 17,200)
  2. Doctor (USD 15,500)
  3. Chief Executive Officer (CEO) (USD 14,800)
  4. Registered Nurse Anesthetist (USD 14,500)
  5. Dentist (USD 13,800)
  6. Airline Pilot (USD 13,400)
  7. Intellectual Property Lawyer (USD 12,900)
  8. Marketing Manager (USD 11,400)
  9. Marketing Director (USD 11,400)
  10. Sales Director (USD 10,700)
  11. Sales Manager (USD 10,700)
  12. Petroleum Engineer (USD 10,600)
  13. Brand Manager (USD 10,400)
  14. Marketer (USD 10,400)
  15. Judge (USD 10,300)
  16. Treasurer (USD 10,100)
  17. Controller (USD 10,100)
  18. Pharmacist (USD 9,900)
  19. Tax Lawyer (USD 9,700)
  20. Lawyer (USD 9,700)
List with worst paid jobs in SwedenDownload chartGet chart linkShare on FacebookShare on Twitter

Lowest paying jobs Sweden?

  1. Cashier (USD 1,900)
  2. Childcare Worker (USD 2,000)
  3. Stock clerk (USD 2,000)
  4. Elder Care Worker (USD 2,000)
  5. Receptionist (USD 2,100)
  6. Bartender (USD 2,300)
  7. Food and beverage server (USD 2,300)
  8. Janitor (USD 2,300)
  9. Waiter (USD 2,400)
  10. Tour Guide (USD 2,400)
  11. Customer Service Representative (USD 2,800)
  12. Hotel Concierge (USD 2,900)
  13. Rehabilitation Counselor (USD 2,900)
  14. Travel Agent (USD 3,100)
  15. Secretary (USD 3,200)
  16. Painter (USD 3,400)
  17. Carpenter (USD 3,500)
  18. Bus Driver (USD 3,500)
  19. Artist (USD 3,600)
  20. Truck Driver (USD 3,600)
List with best paid industries in SwedenDownload chartGet chart linkShare on FacebookShare on Twitter

Highest paying jobs by industry

  1. Healthcare (USD 11,000)
  2. Business and Management (USD 9,400)
  3. Marketing and Sales (USD 8,600)
  4. Engineering (USD 8,000)
  5. Law (USD 7,600)
  6. Accounting and Finance (USD 7,500)
  7. Computer and Information Technology (USD 7,300)
  8. Transportation and Logistics (USD 7,100)
  9. Science (USD 7,100)
  10. Education and Training (USD 5,900)
  11. Other (USD 4,400)
  12. Hospitality and Tourism (USD 3,700)
  13. Social Services (USD 3,000)
  14. Services (USD 2,800)