This is a common question from talents thinking of relocating to Sweden for work. Sweden is well-known for its high taxes and high cost of living. However, as in any location, you can choose a high or low-cost lifestyle.
While the cost of living in Sweden can be higher compared to some other European countries, although it varies depending on the specific city or region. According to data from Numbeo’s Cost of Living Index, the cost of living in Stockholm, Sweden’s capital city, is higher compared to other cities in Europe such as Madrid, Berlin, and Warsaw.
However, the cost of living in other cities in Sweden, such as Gothenburg and Malmö, is more comparable to other cities in Europe. In general, the cost of housing, food, transportation, and entertainment in Sweden can be higher compared to some other European countries, although the high standard of living and excellent social welfare system can offset these costs for many residents.
In Sweden, a wide range of services and benefits are subsidized through taxes, with the aim of providing a strong social welfare system for all citizens. Some of the most notable services and benefits that are subsidized through taxes in Sweden include:
Healthcare: Sweden has a public healthcare system that is funded by taxes and provides free or low-cost access to medical services for all citizens.
Education: Sweden has a well-funded education system, with free access to primary, secondary, and tertiary education for all citizens.
Childcare: Sweden provides heavily subsidized childcare for families, making it easier for parents to work and balance their family and work responsibilities.
Elder care: Sweden provides extensive support for elderly citizens, including home care services, nursing homes, and other forms of support.
Social security: Sweden provides a strong social security system, with unemployment benefits, sick pay, and other forms of support for those who need it.
Public transportation: Sweden provides heavily subsidized public transportation, making it affordable and accessible for all citizens.
These are just a few examples of the many services and benefits that are subsidized through taxes in Sweden. This strong social welfare system is one of the hallmarks of Swedish society and is seen as a way of ensuring that everyone has access to the support and services they need to live a fulfilling life.
Also, the cost of living in Sweden will vary depending on your personal lifestyle and expenses. For example, if you are used to eating out frequently or enjoying expensive entertainment, you may find that the cost of living in Sweden is higher compared to other countries.
Housing rental costs, especially in Stockholm, are considered high by some ex-pats. However in comparison to other capital cities around Europe, it is actually often less expensive than for instance; London, Paris, etc. The housing shortage that was unique for Sweden is now very much the reality in many countries and locations around the world.
Our Relocation consultants share a housing rental guide in the very first communication with new assignees in order to help people moving to Sweden plan for accommodation that fits both taste and budget.
Cost and quality of living need to align and after almost three decades of providing a warm welcome and a smooth arrival for relocation clients, we know the ropes.
Why not reach out today and ask about our corporate relocation services?