Cost of Living Comparison Sweden vs United Kingdom. (2024)

FAQs

Is it expensive to live in Sweden compared to UK? ›

According to different sources, the cost of living in Sweden is lower than in the UK by 12% to 27%. However, some items like groceries and restaurants are more expensive* in Sweden than in the UK. Therefore, the cost of living comparison between Sweden and the UK may vary depending on your lifestyle and preferences.

Comparison: In 2022, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B). That same year, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

The much-despised top-1% of British earners receive around 12% of pre-tax income, whereas Sweden's top-1% earners only get 8%. Britain also taxes its population less than does Sweden (35% of GDP as opposed to 44%), but comparing the reliance of various kinds of taxes as government revenues makes this even more clear.

Is it expensive to live in Sweden? Every day expenses fluctuate depending on where you live, but overall the average cost of living in Sweden is high. The bulk of this high cost is due to rent prices, which climb by about 1% each year.

Is Sweden Expensive? Depending on where you live, Sweden may not be as expensive as you imagine for Northern Europe. In fact, it is the cheapest of the Nordic countries. The cost of living in Sweden is lower than in Norway, Finland, Iceland, and Denmark.

Unsurprisingly, coffee is something the Swedes excel at, and is always freshly brewed, strong and delicious – head for the local konditori, a coffee and cake shop of the first order. A coffee costs around 25kr and the price will often buy you more than one cup.

House prices in Sweden

The typical price of a property in Sweden in 2022 will be 44,545 SEK per square meter or roughly 4,126 USD. In contrast, the average rate of a residence in Stockholm, the most pricey region, is about 62,918 SEK per square meter.

Norway is top of the Nordic ranking. GDP Per Capita (PPS Euro). 2021. Åland: 2020-data.

What is the poverty rate in Sweden compared to the UK? ›

CLAIM: Child poverty rates in Norway, Sweden, Denmark and Finland are between 2.4% and 3.6% – while in the UK they are 28.3%.

Traditionally, Sweden relied on a modern agricultural economy that employed over half the domestic workforce. Today Sweden further develops engineering, mine, steel, and pulp industries, which are competitive internationally, as evidenced by companies such as Ericsson, ASEA/ABB, SKF, Alfa Laval, AGA, and Dyno Nobel.

Summary of cost of living in Sweden: A family of four estimated monthly costs are 3,476.1$ (37,405.3kr) without rent. A single person estimated monthly costs are 948.7$ (10,209.3kr) without rent. Cost of living in Sweden is, on average, 16.3% lower than in United States.

Apply for and obtain the appropriate visa and residence permit. Register with the Swedish Tax Agency (Skatteverket) and get your unique tax ID (personnumer) Find where you want to live. Organise your move with an international moving company.

Swedes are widely rated as one of the best at English as a second language. Therefore it might take you longer to learn Swedish, and the Catch-22 is that fluency in the language is crucial to full integration. Knowing some Swedish will also help you in your contacts with the authorities, the Tax Agency for example.

What Is the Average Salary in 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.