Cost Of Living in Stockholm 2024

Average monthly spending for singles, couples, students, and families in Stockholm

Whether you're living in Stockholm or planning to move there, it is very important to know the cost of living and the prices of things. Here we list the average spending for the four main population groups.

Average Monthly Expenditure

47,000 SEK

per month
$4,500

3,600 SEK   $350
$45,000   470,000 SEK

Single

33,000 SEK

per month
$3,100

11,000 SEK   $1,000
$21,000   220,000 SEK

Couple

54,000 SEK

per month
$5,200

18,000 SEK   $1,700
$28,000   290,000 SEK

Family

72,000 SEK

per month
$7,000

25,000 SEK   $2,400
$38,000   400,000 SEK

Student

23,000 SEK

per month
$2,200

9,200 SEK   $880
$4,000   41,000 SEK
The figures displayed here are inclusive of everything: housing, travel, groceries, healthcare, etc.

Singles

The average monthly expense for a single person living in Stockholm is 33,000 SEK. Expenses can range from 11,000 SEK at the minimum level to 220,000 SEK at the highest end.


Couples

The average monthly spending of couples in Stockholm is 54,000 SEK. Expenditure can range from 18,000 SEK to 290,000 SEK per month.


Families

The average cost of living for families in Stockholm is 72,000 SEK per month. Families spend anywhere from 25,000 SEK to 400,000 SEK.


Students

The average monthly expenditure for students in Stockholm is 23,000 SEK. Students spend from 9,200 SEK to 41,000 SEK per month.


Spending behavior can change drastically from one person to another. It is best to consider the minimum, average, and maximum spending together.

Prices and cost of goods and services in Stockholm


Dining, food, and beverages costs


Large bottle of water
5.5 SEK 6.2 SEK 7.2 SEK
MINIMUM AVERAGE MAXIMUM
$0.53 $0.60 $0.69
Fast food combo meal
47 SEK 93 SEK 160 SEK
MINIMUM AVERAGE MAXIMUM
$4.5 $9 $15
Restaurant meal for one
160 SEK 240 SEK 490 SEK
MINIMUM AVERAGE MAXIMUM
$16 $23 $47
Fine dining meal for one
330 SEK 490 SEK 2,000 SEK
MINIMUM AVERAGE MAXIMUM
$31 $47 $190
Soda or Soft Drink
6.7 SEK 7.8 SEK 9.3 SEK
MINIMUM AVERAGE MAXIMUM
$0.64 $0.75 $0.90
Cappuccino or latte
39 SEK 62 SEK 93 SEK
MINIMUM AVERAGE MAXIMUM
$3.7 $6 $9

Grocery and market costs


Milk large bottle
31 SEK 37 SEK 47 SEK
MINIMUM AVERAGE MAXIMUM
$3 $3.6 $4.5
Loaf of bread
5.6 SEK 6.4 SEK 7.4 SEK
MINIMUM AVERAGE MAXIMUM
$0.54 $0.61 $0.71
12 eggs
23 SEK 31 SEK 47 SEK
MINIMUM AVERAGE MAXIMUM
$2.2 $3 $4.5
Fresh whole chicken
53 SEK 68 SEK 97 SEK
MINIMUM AVERAGE MAXIMUM
$5.1 $6.6 $9.3
Beef 1 kg or 1 lb
62 SEK 93 SEK 190 SEK
MINIMUM AVERAGE MAXIMUM
$6 $9 $18
Rice 1 kg or 1 lb
25 SEK 34 SEK 49 SEK
MINIMUM AVERAGE MAXIMUM
$2.4 $3.3 $4.7
Tomato 1 kg or 1 lb
9.3 SEK 12 SEK 23 SEK
MINIMUM AVERAGE MAXIMUM
$0.90 $1.2 $2.2
Apples 1 kg or 1 lb
17 SEK 22 SEK 36 SEK
MINIMUM AVERAGE MAXIMUM
$1.6 $2.1 $3.4

Commute, travel, and transportation costs


20 minutes taxi ride
41 SEK 49 SEK 98 SEK
MINIMUM AVERAGE MAXIMUM
$3.9 $4.7 $9.4
Average car full tank
230 SEK 310 SEK 620 SEK
MINIMUM AVERAGE MAXIMUM
$22 $30 $60
Average car 1-day rental
260 SEK 340 SEK 510 SEK
MINIMUM AVERAGE MAXIMUM
$25 $33 $49
Average car price
120,000 SEK 230,000 SEK 310,000 SEK
MINIMUM AVERAGE MAXIMUM
$11,000 $22,000 $30,000
Bus ticket one way
8.5 SEK 13 SEK 26 SEK
MINIMUM AVERAGE MAXIMUM
$0.82 $1.2 $2.5
Car Service
340 SEK 510 SEK 1,000 SEK
MINIMUM AVERAGE MAXIMUM
$33 $49 $98

Utility cost (monthly)


Utility Bill - Individual
650 SEK 2,000 SEK 13,000 SEK
MINIMUM AVERAGE MAXIMUM
$63 $190 $1,300
Utility Bill - Couple
910 SEK 2,700 SEK 14,000 SEK
MINIMUM AVERAGE MAXIMUM
$87 $260 $1,400
Utility Bill - Family
760 SEK 2,200 SEK 12,000 SEK
MINIMUM AVERAGE MAXIMUM
$73 $210 $1,200
Internet and cable
230 SEK 470 SEK 620 SEK
MINIMUM AVERAGE MAXIMUM
$22 $45 $60
Mobile phone charges
190 SEK 310 SEK 930 SEK
MINIMUM AVERAGE MAXIMUM
$18 $30 $90

Leisure and activities costs


Movie ticket
120 SEK 160 SEK 230 SEK
MINIMUM AVERAGE MAXIMUM
$11 $15 $22
One month gym membership
410 SEK 510 SEK 1,000 SEK
MINIMUM AVERAGE MAXIMUM
$39 $49 $98

Cloths and accessories costs


Pair of jeans or pants
300 SEK 430 SEK 640 SEK
MINIMUM AVERAGE MAXIMUM
$29 $41 $61
Woman dress
280 SEK 390 SEK 1,300 SEK
MINIMUM AVERAGE MAXIMUM
$27 $38 $120
Woman shoes
270 SEK 360 SEK 850 SEK
MINIMUM AVERAGE MAXIMUM
$26 $35 $82
Men's shoes
230 SEK 280 SEK 570 SEK
MINIMUM AVERAGE MAXIMUM
$22 $27 $55
Men suit
260 SEK 320 SEK 1,700 SEK
MINIMUM AVERAGE MAXIMUM
$25 $31 $160
Regular t-shirt
130 SEK 170 SEK 510 SEK
MINIMUM AVERAGE MAXIMUM
$12 $16 $49

Housing costs / monthly rent


Studio apartment
4,300 SEK 6,400 SEK 17,000 SEK
MINIMUM AVERAGE MAXIMUM
$410 $610 $1,600
1-bedroom apartment
6,400 SEK 10,000 SEK 26,000 SEK
MINIMUM AVERAGE MAXIMUM
$610 $980 $2,500
2-bedroom apartment
8,500 SEK 13,000 SEK 34,000 SEK
MINIMUM AVERAGE MAXIMUM
$820 $1,200 $3,300

Housing costs / Buying


Studio apartment
850,000 SEK 1.3M SEK 2.6M SEK
MINIMUM AVERAGE MAXIMUM
$82,000 $120,000 $250,000
1-bedroom apartment
1M SEK 1.7M SEK 6.4M SEK
MINIMUM AVERAGE MAXIMUM
$98,000 $160,000 $610,000
2-bedroom apartment
1.7M SEK 5.1M SEK 10M SEK
MINIMUM AVERAGE MAXIMUM
$160,000 $490,000 $980,000

Furniture Costs


King Size Bed
4,700 SEK 5,800 SEK 7,800 SEK
MINIMUM AVERAGE MAXIMUM
$450 $560 $750
Double Bed
3,100 SEK 4,700 SEK 5,800 SEK
MINIMUM AVERAGE MAXIMUM
$300 $450 $560
Single Bed
2,700 SEK 3,600 SEK 4,700 SEK
MINIMUM AVERAGE MAXIMUM
$260 $340 $450
Living Room
5,200 SEK 6,700 SEK 23,000 SEK
MINIMUM AVERAGE MAXIMUM
$500 $640 $2,200
Dining Table
2,300 SEK 3,100 SEK 5,800 SEK
MINIMUM AVERAGE MAXIMUM
$220 $300 $560
Sofa or Couch
3,100 SEK 4,200 SEK 9,300 SEK
MINIMUM AVERAGE MAXIMUM
$300 $410 $900

Electronics and House Appliance Costs


TV Set
3,100 SEK 4,700 SEK 9,300 SEK
MINIMUM AVERAGE MAXIMUM
$300 $450 $900
Fridge or Freezer
2,700 SEK 4,200 SEK 5,800 SEK
MINIMUM AVERAGE MAXIMUM
$260 $410 $560
Washing Machine
3,600 SEK 5,200 SEK 9,300 SEK
MINIMUM AVERAGE MAXIMUM
$340 $500 $900
Stove or Cooker
3,300 SEK 4,200 SEK 5,800 SEK
MINIMUM AVERAGE MAXIMUM
$320 $410 $560
Mobile Phone
3,900 SEK 4,700 SEK 6,700 SEK
MINIMUM AVERAGE MAXIMUM
$370 $450 $640
Laptop or Computer
4,200 SEK 5,200 SEK 9,300 SEK
MINIMUM AVERAGE MAXIMUM
$410 $500 $900

Expenditure to Income Ratio in Stockholm

One of the most definite ways to determine how affordable a place is measuring the ratio of expenses to salary. A high expense-to-income to ratio indicates a high cost-of-living index while a low expenditure-to-salary ratio means the place is affordable to live in.


Spending to Income Ratio

92%

82% to 100%

( expenditure / income ) x 100


Expense to income distribution levels

Spending To Income Ratio% People
< 50%6%
50% - 60%12%
60% - 70%19%
70% - 80%27%
80% - 90%15%
90% - 100%9%
100% - 110%5%
110% - 120%3%
120% - 130%2%
130% - 140%2%
> 140%1%

Interpretation and Analysis

The average spending-to-salary ratio in Stockholm is 92% This means that on average, people spend around 92% of their income for living. According to the distribution table, 19% of the population spend approximately 60% to 70% of their income every month.


How can spending be more than income?

A value higher than 100% means that the expenditure of those people is higher than their income. They are spending more than what they earn. This is possible in two scenarios. They are either borrowing from their savings to survive or they are borrowing from other sources (relatives, friends, banks, etc.). More about this in the debt section.



Individual
83%
Spending-Income-Ratio
74%
93%

Couple
87%
Spending-Income-Ratio
78%
98%

Family
97%
Spending-Income-Ratio
86%
110%

How do people spend their money in Stockholm?

We asked thousands of people about their spending habits and expenditure breaks. Below are their answers.

The percentage figures in this section are percentages of total spending not income. If you would like to see the percentage of expenses as related to income or salary, see other sections.

Housing Expenditure27%

27% of total expenses on average (16% to 35%)

LOW$100   1,100 SEK
AVERAGE$1,400   14,000 SEK
HIGH$14,000   140,000 SEK
Per Month

People living in Stockholm typically spend from 16% to 35% of their total monthly expenditure on housing with 27% being the average. The average spend on housing is 14,000 SEK with expenditure ranging from 1,100 SEK to 140,000 SEK. This cost mainly goes for rent but it also includes other accommodation-related expenses. Housing costs are highest for families and lowest for students as expected.

Utilities, Electricity, Water6%

6% of total expenses on average (3% to 10%)

LOW$17   180 SEK
AVERAGE$230   2,400 SEK
HIGH$2,300   24,000 SEK
Per Month

Utility expenditure like electricity, water, and gas in Stockholm ranges from 3% to 10% of total expenses with 6% being the average. The average monthly cost of utilities is 2,400 SEK with 180 SEK and 24,000 SEK being the upper and lower limits.

Transport, Fuel, Commute9%

9% of total expenses on average (4% to 13%)

LOW$35   360 SEK
AVERAGE$450   4,700 SEK
HIGH$4,500   47,000 SEK
Per Month

Fuel consumption and cost of transport depend heavily on whether you live near your work or school, but roughly speaking you would expect to spend from 360 SEK to 47,000 SEK on commuting with 4,700 SEK being the norm for most people in one month. This means that money spent on transport constitutes about 9% of total spending on average but can go as low as 4% or as high as 13%.

Food and Groceries Cost26%

26% of total expenses on average (18% to 32%)

LOW$87   910 SEK
AVERAGE$1,100   12,000 SEK
HIGH$11,000   120,000 SEK
Per Month

The average outlay on groceries in a month in Stockholm is 12,000 SEK. The cost of groceries can range between 910 SEK to 120,000 SEK. People spend on average about 26% on food and groceries with upper and lower bounds of 18% and 32% respectively.

Healthcare and Medical Services8%

8% of total expenses on average (3% to 11%)

LOW$24   250 SEK
AVERAGE$320   3,300 SEK
HIGH$3,200   33,000 SEK
Per Month

People in Stockholm allocate 3% to 11% of their total monthly expenditure to healthcare including health insurance and out-of-pocket medical expenses. The average spending is around 8%. The range of medical expenses range from 250 SEK to 33,000 SEK with 3,300 SEK being the norm.

Leisure and Shopping6%

6% of total expenses on average (3% to 10%)

LOW$14   140 SEK
AVERAGE$180   1,900 SEK
HIGH$1,800   19,000 SEK
Per Month

This category mostly contains discretionary or non-essential expenses but also some non-discretionary spending like furniture for example. The monthly expenses range from 140 SEK to 19,000 SEK with 1,900 SEK being the average. Speaking of percentages, that equates to 3% to 10% of total expenses with an average of 6% for most residents.

Education and Schooling6%

6% of total expenses on average (4% to 12%)

LOW$21   220 SEK
AVERAGE$270   2,800 SEK
HIGH$2,700   28,000 SEK
Per Month

Spending on education can vary drastically between different people. While working singles can spend 0% on education, families and students' expenditure can reach up to 22%. On average, education constitutes 6% of the monthly expenditure with 4% and 12% being the lower and upper bounds respectively. The average reported education cost is 2,800 SEK per month with 220 SEK being the minimum spent amount and 28,000 SEK being the maximum.

Other Expenses12%

12% of total expenses on average (7% to 19%)

LOW$45   470 SEK
AVERAGE$590   6,100 SEK
HIGH$5,900   61,000 SEK
Per Month

How much money can you save in Stockholm every month?

We asked thousands of people what percentage of their income can they save in a month. Below are the answers.


What percentage of people in Stockholm manage to save money from their income every month?


Saving Money
74%
Not Saving
26%

Almost 74% of the surveyed people in Stockholm said that they can save some money at the end of each month while 26% said that aren't saving anything.


Percentage of people saving money by population group in Stockholm

GroupSaversNon Savers
Singles83%17%
Couples77%23%
Families72%28%

Savings-to-Income Ratio

The savings-to-income ratio is measured as the percentage of income that people save over a specific period and it is simply calculated by dividing the saved money by total income and then multiplying the result by 100. (Savings / Income) x 100.


Saving to Income Ratio

16% 26% of income 39%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

1,500 SEK
$140
19,000 SEK
$1,900
190,000 SEK
$19,000
MINIMUM AVERAGE MAXIMUM

For most people, 16% to 39% of their monthly income is what they can allocate to their savings, with 26% being the average. The amount of money that people can save is approximately 19,000 SEK on average with savings ranging from 1,500 SEK to 190,000 SEK.

83% of surveyed singles reported some of their income going to savings while 77% of couples said the same. 72% of families confirmed their ability to save money.


How much money do people actually save in Stockholm?

The amount of money that people can afford to save depends hugely on their income. It is better to focus on the percentage when trying to understand saving patterns.


Singles

Saving to Income Ratio

19% 31% of income 41%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

4,400 SEK
$430
13,000 SEK
$1,300
89,000 SEK
$8,600
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for singles

Saving To Income Ratio% Singles
0% - 10%28%
10% - 20%22%
20% - 30%16%
30% - 40%17%
40% - 50%13%
> 50%4%

Interpretation and Analysis

Singles who can afford to save reported that they allocate from 19% to 41% of their monthly income to savings, with 31% being the average for most singles. The average amount of money that singles are able to save is 13,000 SEK with 4,400 SEK and 89,000 SEK being the minimum and maximum respectively.


Couples

Saving to Income Ratio

17% 28% of income 40%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

7,400 SEK
$710
22,000 SEK
$2,100
120,000 SEK
$11,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for couples

Saving To Income Ratio% Couples
0% - 10%32%
10% - 20%24%
20% - 30%19%
30% - 40%12%
40% - 50%10%
> 50%3%

Interpretation and Analysis

Couples who confirmed their ability to save reported saving equivalent to 17% to 40% of their monthly income, with 28% being the average for most couples. The average amount of money that couples can save is 22,000 SEK with 7,400 SEK and 120,000 SEK being the minimum and maximum respectively.


Families

Saving to Income Ratio

15% 25% of income 35%
MINIMUM AVERAGE MAXIMUM

Average Monthly Saved Amount

10,000 SEK
$1,000
30,000 SEK
$2,900
160,000 SEK
$16,000
MINIMUM AVERAGE MAXIMUM

Savings to income distribution levels for families

Saving To Income Ratio% Families
0% - 10%35%
10% - 20%27%
20% - 30%20%
30% - 40%9%
40% - 50%7%
> 50%2%

Interpretation and Analysis

Families in Stockholm can save anywhere between 15% to 35% of their monthly income, with 25% being the average for most families. The average amount of money that families can put aside is 30,000 SEK with 10,000 SEK and 160,000 SEK being the minimum and maximum respectively.

A typical and healthy budgeting structure

The 50/30/20 rule

Spending among different people can vary significantly based on factors such as their income, lifestyle, location, and personal preferences. A commonly used guideline for budgeting is the 50/30/20 rule, which suggests allocating your income into three main categories in the following percentages.

  • 50% for needs and financial obligations

    This category includes essential expenses like housing, utilities, groceries, transportation, and healthcare.

  • 30% for wants and discretionary spending

    This category covers discretionary spending on non-essential items, such as dining out, entertainment, travel, and other lifestyle choices.

  • 20% for savings and emergency fund

    This is the percentage that must be allocated to savings, emergency funds, and retirement accounts.

About financial planning, money management, and household budgeting

The 50/30/20 rule is used as a general guideline but may not be the best choice for all people. There are in fact many budgeting plans out there like the 70/20/10 and the 60/20/20 rules, all claiming to be the best. More important than all of this is to establish financial discipline by creating a budget tailored to your specific financial goals and situation. It is very important that your financial outflow be less than your income to maintain a healthy cash flow.

Affordable living in Stockholm

Income and cost of living compatibility

We asked residents one simple question and recorded their answers.

Is it affordable or economical to live in Stockholm?


Yes
86%
No
14%

Around 86% of surveyed residents think that living in Stockholm is affordable with proper budgeting while 14% reported that it is just too expensive and not affordable even with frugality and thriftness.

Low-cost alternatives in Stockholm

People are always looking for ways to cut down expenses and reduce expenditures. The hallmark of any affordable place is the availability of discount stores, bargain deals, smart or secondhand shopping, refurbished items, and couponing. We asked residents how easily cost-cutting is and the answers were distributed as follows:

Plenty of low-cost options68%

Few low-cost options32%


Based on the survey, 68% of the people living in Stockholm have no problem finding low-cost alternatives to support a frugal lifestyle while 32% think that thriftness is difficult due to scarcity in discount markets and secondhand outlets.

Emergency Funds

An emergency fund is a financial safety net comprised of easily accessible savings set aside to cover unexpected expenses or financial emergencies, typically amounting to three to six months' worth of living expenses. We asked residents of Stockholm whether they have an emergency fund and the answers were as follows.

Yes82%

No18%


Based on the survey, 18% of the people living in Stockholm said that they don't have an emergency fund while 82% said that they do.

Financial Literacy in Sweden

Financial literacy is the knowledge of concepts and principles related to personal finance that allow individuals to make informed decisions regarding their money such as budgeting, saving, investing, borrowing, managing debt, financial risk management, and planning.

Financial Leteracy71%


We asked residents of Sweden whether they acquired any adequate personal financial training in their lives. Approximately 29% of the people who participated in the survey said that they are not well informed about the topics of budgeting, saving, etc., and just manage things based on their own experience, while 71% said that they know about the general principles of personal finance from sources other than their own experience.


Difficulty in Budgeting and Financial Planning

We wanted to understand whether residents of Sweden have problems or difficulties in managing their expenditures and savings so asked the people one simple question: do you struggle with your personal finances? 31% of the participants reported that they indeed struggle in creating budgets and in organizing their finances while 69% said that they have everything under control.

Struggles with finance31%

Easily manages finances69%

Financial goals of people in Stockholm

In an attempt to understand the economic situation in Stockholm, we asked participants about their financial targets. By knowing what the population in general is trying to achieve, we can shed light on the economic outlook, cost of living, and quality of life in general.


Financial Goal% People
Emergency Fund6%
Debt Reduction31%
Retirement Savings7%
Education Funding9%
Homeownership16%
Investing9%
Travel or Lifestyle12%
Healthcare Expenses8%
Financial Independence9%

Around 6% of those who participated in the survey said that their main goal is to establish an emergency fund to cover unexpected expenses while 31% said their number one priority is to pay off high-interest debt or loans and improve credit. 7% of surveyed people confirmed that saving for retirement to ensure a comfortable lifestyle in the final years is their main target. Around 9% reported that their priority is saving for the tuition fees and education costs of their children while 16% choose to buy a home or pay off existing mortgage before other things. 9% of the population would like to build wealth through investments such as stocks, bonds, mutual funds, or real estate. For 12% of people, saving for vacations or upgrading their lifestyle is the number one concern. Approximately 8% of the residents said that saving for healthcare expenses including insurance premiums is their main goal.

Saving Challenges in Stockholm

Reasons that make it difficult for people to save money

We wanted to understand what is stopping people from maximizing their savings in Stockholm. Listed below are the answers given by the survey participants.


Reason% People
Low Income7%
High Expenses10%
Debt and Loans19%
Lack of Budgeting Skills10%
Impulsive Spending9%
Financial Emergencies6%
Living the moment7%
Will do it later16%
Inflation10%
Social Pressure3%
Market Instability3%

Around 7% of the people said that their salary is too low to accommodate a portion for savings while 10% said that the high cost of living leaves little room for savings. 19% of the residents said that they are burdened with debt and find it challenging to save money. 10% reported that they just don't have the knowledge or discipline to create and stick to a budget, leading to overspending and an inability to save. 9% blamed impulsive spending as the reason for saving inability. Around 6% said that unexpected expenses like medical bills or car repairs are derailing their savings goals. 7% bluntly said that they don't see the purpose of it and prefer to live each day to the fullest. 16% reported that they understand the value of saving but are putting off saving for the future, thinking they have plenty of time to start later. 10% blamed inflation, saying that every time they save some money they end up using it immediately. A surprising 3% said that social pressure and keeping up with peers or societal expectations makes them overspend. Lastly, 3% blamed market instability and price fluctuations.

Typical saving choices for people in Stockholm

Where do people choose to put their savings?


Saving Type% People
Emergency Funds10%
Gold9%
Savings Accounts17%
Retirement Accounts12%
Cash Savings15%
Real Estate10%
Investment6%
Stocks6%
Bonds7%
Mutual Funds3%
Certificates of Deposit3%

Retirement, pension plans, and life after work in Stockholm

What does the retirement lifestyle look like in Stockholm and how much retirement savings are required?

Retirement age

The retirement age for most employees in Sweden is 65 years. Specific retirement ages can vary based on factors like occupation, gender, years of contribution, and location. It is not entirely unlikely for people to retire either before or after this age.

Retirement planning and savings

There are many retirement saving options, some are personally initiated and others are government-sponsered. Regardless of the source of savings, the minimum amount of money that needs to be put aside to ensure a peaceful and comfortable retirement at each age can be found in the table below. This data is largely approximated and can vary drastically based on individual needs and situations. Treat these figures as a general guideline.


The typical saved amount of money you should have at every age as multiples of monthly salary:
AgeAmount
255x monthly salary at age 25
3010x monthly salary at age 30
3515x monthly salary at age 35
4025x monthly salary at age 40
4532x monthly salary at age 45
5048x monthly salary at age 50
5556x monthly salary at age 55
6064x monthly salary at age 60
6578x monthly salary at age 65

The typical average saved amount of money you should have at every age in Stockholm:
AgeAmount
25130,000 SEK
30270,000 SEK
35460,000 SEK
40660,000 SEK
451,000,000 SEK
501.4M SEK
551.7M SEK
602.1M SEK
652.5M SEK

Retirement Income Distribution

We asked residents of Stockholm about their retirement income sources and below are the results.

Source% People
Pensions14%
Savings21%
Investments14%
Social Security9%
Annuities9%
Part-time Job9%
Real Estate16%
Dividends and Interest9%

Retirement Monthly Expenses in Stockholm

7,800 SEK
$750
23,000 SEK
$2,300
160,000 SEK
$15,000
MINIMUM AVERAGE MAXIMUM

Debt, loans, and mortgages in Stockholm


Percentage of people who are in debt


In Debt
33%
Debt Free
67%

According to the survey, 33% of the people in Stockholm have some kind of debt, loan, mortgage, or credit card payments while 67% reported that they don't have financial obligations to banks.


Debt-to-income ratio in Stockholm

Debt to income ratio

30%

18% to 41%

( monthly debt payment / monthly income ) x 100

Interpretation

The debt-to-income ratio measures the percentage of income being paid as debt settlement across the population. It is calculated by dividing the monthly debt settlement payment of an individual by their monthly income. Based on collected data, approximately 30% of the people's monthly income in Stockholm goes to debt settlement.


Debt levels

Monthly debt settlement payment as percentage of monthly income

Debt-to-income ratio% People
> 60%3%
50% - 60%10%
40% - 50%11%
30% - 40%13%
20% - 30%16%
10% - 20%20%
0% - 10%28%

According to our data, 3% of the debtors in Stockholm pay 60%+ of their income as debt settlement while 10% of the people pay 50% to 60% of their income for the same, which is quite an alarming financial situation for those individuals. 11% of people in debt dedicate 40% to 50% of their income to loan and mortgage payments while 13% dedicated 30% to 40% of income for same. Things are looking brighter for 16% of individuals as they only pay 20% to 30% of their income for loan and credit card repayment.


Distribution by type of debt in Stockholm

Debt% People
Real Estate Mortgage14%
Auto Loan24%
Student Loan3%
Credit Card24%
Personal Loan35%

14% of debtors in Stockholm confirm that real estate mortgages constitutes the main part of their outstanding debt while 24% say that credit card payments are the reason they are in debt. Auto loans were the main type of debt for 24% of people and personal loans rose at 35%. Lastly, student loans are the main source of debt for 3% of debtors in Stockholm.


About credit score and debt management

Managing debt is a critical aspect of maintaining a favorable credit score. Debt reduction is the first thing you should do improve your financial situation. Getting rid of debt takes precedence over saving money because of interest rates.

Good debt vs. Bad debt

Not all debt is bad. Good debt typically refers to borrowing money for investments that can increase in value or generate income over time like purchasing a home or acquiring student loans. On the other hand, bad debt involves borrowing for things that fail to generate lasting value like high-interest credit card debt used for non-essential expenses like luxury items or vacations.


Loan Affordability Index in Stockholm

Besides measuring the loan-to-income ratio, we asked residents of Stockholm how many times in a year they defaulted or were unable to pay their due credit card or loan payments on time. Understanding how often people default on their due payments is one of the indicators of the cost of living and economic situation.

Frequency and percentage of people who failed to pay their monthly credit card or loan payments on time last year.

Frequency% People
Never56%
Once a year22%
Twice a year11%
Three times a year8%
Four times a year4%

Housing costs, accommodation, and housing affordability in Stockholm

Rental costs and house/apartment prices can vary drastically between different areas and locations.


Rent Cost in Stockholm

Monthly Rent Prices

Studio apartment
4,300 SEK 6,400 SEK 17,000 SEK
MINIMUM AVERAGE MAXIMUM
$410 $610 $1,600
1-bedroom apartment
6,400 SEK 10,000 SEK 26,000 SEK
MINIMUM AVERAGE MAXIMUM
$610 $980 $2,500
2-bedroom apartment
8,500 SEK 13,000 SEK 34,000 SEK
MINIMUM AVERAGE MAXIMUM
$820 $1,200 $3,300
3-bedroom apartment
10,000 SEK 17,000 SEK 46,000 SEK
MINIMUM AVERAGE MAXIMUM
$980 $1,600 $4,500
Furnished apartment
20,000 SEK 51,000 SEK 100,000 SEK
MINIMUM AVERAGE MAXIMUM
$2,000 $4,900 $9,800
Townhouse
17,000 SEK 26,000 SEK 73,000 SEK
MINIMUM AVERAGE MAXIMUM
$1,600 $2,500 $7,000
House
20,000 SEK 51,000 SEK 100,000 SEK
MINIMUM AVERAGE MAXIMUM
$2,000 $4,900 $9,800
Villa
26,000 SEK 64,000 SEK 100,000 SEK
MINIMUM AVERAGE MAXIMUM
$2,500 $6,100 $9,800

The monthly rental cost of a studio apartment in Stockholm ranges between 4,300 SEK and 17,000 SEK, meanwhile the cost of monthly rental of a one-bedroom apartment can be anywhere from 6,400 SEK to 26,000 SEK. Two-bedroom rentals rate ranges between 8,500 SEK and 34,000 SEK per month. The monthly rental for a three-bedroom apartment ranges from 10,000 SEK to 46,000 SEK. The average rent of a townhouse in Stockholm is around 26,000 SEK while house rental costs can be as high as 51,000 SEK per month. Finally, if you want to rent a villa, expect to pay anywhere from 26,000 SEK to 100,000 SEK per month.



Apartment and house prices in Stockholm

Cost of buying a property

Studio apartment
850,000 SEK 1.3M SEK 2.6M SEK
MINIMUM AVERAGE MAXIMUM
$82,000 $120,000 $250,000
1-bedroom apartment
1M SEK 1.7M SEK 6.4M SEK
MINIMUM AVERAGE MAXIMUM
$98,000 $160,000 $610,000
2-bedroom apartment
1.7M SEK 5.1M SEK 10M SEK
MINIMUM AVERAGE MAXIMUM
$160,000 $490,000 $980,000
3-bedroom apartment
5.7M SEK 8.5M SEK 26M SEK
MINIMUM AVERAGE MAXIMUM
$550,000 $820,000 $2.5M
Townhouse
7.3M SEK 17M SEK 64M SEK
MINIMUM AVERAGE MAXIMUM
$700,000 $1.6M $6.1M
House
8.5M SEK 51M SEK 73M SEK
MINIMUM AVERAGE MAXIMUM
$820,000 $4.9M $7M
Villa
10M SEK 57M SEK 85M SEK
MINIMUM AVERAGE MAXIMUM
$980,000 $5.5M $8.2M

The average price of a studio apartment in Stockholm can range from 850,000 SEK to 2.6M SEK depending on location. One bedroom cost can be anywhere from 1M SEK to 6.4M SEK. A villa can cost you 57M SEK on average with prices ranging from 10M SEK to 85M SEK.


If you're leasing or purchasing, housing costs in Stockholm will probably constitute your biggest expenditure, yet it's an area where you wield considerable influence. This is due to the substantial variance in housing prices across communities. Keep in mind the location of your workplace and the accessibility of essential amenities to prevent negating the savings from lower rental rates with increased transportation expenses.

House / apartment prices to income ratio


Property price to income ratio

( average property price / average monthly income ) x 100


53 x159 monthly income 254
MINIMUM AVERAGE MAXIMUM

Property prices in Stockholm can be x159 to x254 multiples of the monthly income depending on the property and the income of the person. On average, property prices are approximately x159 multiples of the average monthly salary in Stockholm.



Rent to income ratio


Rent to income ratio

( monthly rental / monthly income ) x 100


27% 39% of income 50%
MINIMUM AVERAGE MAXIMUM

The average rent-to-income ratio in Stockholm is around 39%. This means that people pay 39% of their income for rent. Those figures can range from 27% to 50% depending on the salary, location, and type of property.


The housing-to-income ratio is a very important metric to evaluate and measure how affordable living is in a particular area, city, or country since housing comprises the biggest chunk of expenditure. A higher housing to income ratio means that the place is relatively expensive. The figure by itself does tell much. It only starts to make sense when comparing the housing to income ratio across different locations.

Housing affordability index

The housing affordability index measures how affordable accommodation is in a particular place. This can measured in multiple ways, the most common being housing expenditure to total expenditure ratio and the rent to income ratio. The housing expenditure ratio is a figure reported by individuals on the percentage they allocate for housing. Rent to income ratio is calculated by dividing the average monthly rent by the average income. Because these values are both percentages, we can find their average and get the best of the two worlds.

Housing Affordability Index
36%

Property Taxes

Real estate owners pay property taxes to local tax authorities, which are determined by the assessed value of their property. Typically, these taxes are paid once a year. Property tax funds contribute to community development, financing infrastructure improvements, public services, and local education initiatives.


FROM
2.5%
AVERAGE
3.5%
TO
4.6%

Home Maintenance Costs

Home maintenance costs encompass various expenses associated with the upkeep and repair of a residence. These expenditures include regular tasks such as lawn care, pest control, and HVAC system servicing, as well as occasional repairs and renovations like fixing leaks, painting, or replacing appliances.


72 SEK 940 SEK 9,400 SEK
MINIMUM AVERAGE MAXIMUM

Urban vs. rural living costs

Urban living typically entails higher housing and transportation costs due to demand and limited space, while rural areas generally offer lower housing expenses but may have higher prices for goods and services. The differnce in rental rates between urban areas and rural areas can be as high as 300% in some cases.


Single
Spending habits, consumption analysis, and expenditure patterns for a single person living in Stockholm

Housing33%

33% of total expenses on average (21% to 45%)

LOW$380   3,900 SEK
AVERAGE$1,100   12,000 SEK
HIGH$7,500   78,000 SEK
Per Month

Utilities, Electricity, Water7%

7% of total expenses on average (3% to 12%)

LOW$63   650 SEK
AVERAGE$190   2,000 SEK
HIGH$1,300   13,000 SEK
Per Month

Transport, Fuel7%

7% of total expenses on average (5% to 13%)

LOW$84   870 SEK
AVERAGE$250   2,600 SEK
HIGH$1,700   17,000 SEK
Per Month

Food and Groceries17%

17% of total expenses on average (11% to 22%)

LOW$170   1,700 SEK
AVERAGE$500   5,200 SEK
HIGH$3,300   35,000 SEK
Per Month

Healthcare10%

10% of total expenses on average (4% to 14%)

LOW$94   980 SEK
AVERAGE$280   2,900 SEK
HIGH$1,900   20,000 SEK
Per Month

Leisure, Shopping4%

4% of total expenses on average (3% to 7%)

LOW$52   540 SEK
AVERAGE$160   1,600 SEK
HIGH$1,000   11,000 SEK
Per Month

Education2%

2% of total expenses on average (1% to 4%)

LOW$21   220 SEK
AVERAGE$63   650 SEK
HIGH$420   4,300 SEK
Per Month

Other Expenses20%

20% of total expenses on average (12% to 24%)

LOW$190   2,000 SEK
AVERAGE$560   5,900 SEK
HIGH$3,800   39,000 SEK
Per Month


Couple
Average monthly living expenditure breaks and spending patterns for couples in Stockholm

Housing30%

30% of total expenses on average (23% to 40%)

LOW$580   6,000 SEK
AVERAGE$1,700   18,000 SEK
HIGH$9,200   96,000 SEK
Per Month

Utilities, Electricity, Water6%

6% of total expenses on average (4% to 10%)

LOW$87   910 SEK
AVERAGE$260   2,700 SEK
HIGH$1,400   14,000 SEK
Per Month

Transport, Fuel11%

11% of total expenses on average (5% to 16%)

LOW$210   2,200 SEK
AVERAGE$630   6,500 SEK
HIGH$3,300   35,000 SEK
Per Month

Food and Groceries15%

15% of total expenses on average (10% to 20%)

LOW$240   2,500 SEK
AVERAGE$730   7,600 SEK
HIGH$3,900   41,000 SEK
Per Month

Healthcare12%

12% of total expenses on average (6% to 16%)

LOW$190   2,000 SEK
AVERAGE$580   6,000 SEK
HIGH$3,100   32,000 SEK
Per Month

Leisure, Shopping5%

5% of total expenses on average (2% to 8%)

LOW$100   1,100 SEK
AVERAGE$310   3,300 SEK
HIGH$1,700   17,000 SEK
Per Month

Education2%

2% of total expenses on average (1% to 4%)

LOW$35   360 SEK
AVERAGE$100   1,100 SEK
HIGH$560   5,800 SEK
Per Month

Other Expenses19%

19% of total expenses on average (13% to 25%)

LOW$300   3,100 SEK
AVERAGE$890   9,200 SEK
HIGH$4,700   49,000 SEK
Per Month


Family
Average monthly expenses and break out of spending for families living in Stockholm

Housing29%

29% of total expenses on average (24% to 39%)

LOW$780   8,100 SEK
AVERAGE$2,200   23,000 SEK
HIGH$12,000   130,000 SEK
Per Month

Transport, Fuel7%

7% of total expenses on average (5% to 9%)

LOW$200   2,000 SEK
AVERAGE$560   5,800 SEK
HIGH$3,100   32,000 SEK
Per Month

Food and Groceries19%

19% of total expenses on average (12% to 25%)

LOW$440   4,600 SEK
AVERAGE$1,300   13,000 SEK
HIGH$6,900   72,000 SEK
Per Month

Healthcare9%

9% of total expenses on average (5% to 14%)

LOW$200   2,000 SEK
AVERAGE$560   5,800 SEK
HIGH$3,100   32,000 SEK
Per Month

Leisure, Shopping4%

4% of total expenses on average (2% to 8%)

LOW$120   1,300 SEK
AVERAGE$350   3,600 SEK
HIGH$1,900   20,000 SEK
Per Month

Education14%

14% of total expenses on average (7% to 22%)

LOW$340   3,600 SEK
AVERAGE$980   10,000 SEK
HIGH$5,400   56,000 SEK
Per Month

Other Expenses14%

14% of total expenses on average (7% to 19%)

LOW$290   3,000 SEK
AVERAGE$840   8,700 SEK
HIGH$4,600   48,000 SEK
Per Month


Student
Cost of living and expenses break down for students living in Stockholm

Housing21%

21% of total expenses on average (16% to 27%)

LOW$210   2,200 SEK
AVERAGE$530   5,500 SEK
HIGH$950   9,900 SEK
Per Month

Utilities, Electricity, Water5%

5% of total expenses on average (3% to 9%)

LOW$35   370 SEK
AVERAGE$88   920 SEK
HIGH$160   1,700 SEK
Per Month

Transport, Fuel6%

6% of total expenses on average (5% to 12%)

LOW$62   640 SEK
AVERAGE$150   1,600 SEK
HIGH$280   2,900 SEK
Per Month

Food and Groceries21%

21% of total expenses on average (15% to 25%)

LOW$180   1,800 SEK
AVERAGE$440   4,600 SEK
HIGH$800   8,300 SEK
Per Month

Healthcare7%

7% of total expenses on average (4% to 10%)

LOW$53   550 SEK
AVERAGE$130   1,400 SEK
HIGH$240   2,500 SEK
Per Month

Leisure, Shopping4%

4% of total expenses on average (2% to 8%)

LOW$44   460 SEK
AVERAGE$110   1,100 SEK
HIGH$200   2,100 SEK
Per Month

Education19%

19% of total expenses on average (12% to 24%)

LOW$170   1,700 SEK
AVERAGE$420   4,400 SEK
HIGH$760   7,900 SEK
Per Month

Other Expenses17%

17% of total expenses on average (11% to 23%)

LOW$130   1,400 SEK
AVERAGE$330   3,400 SEK
HIGH$600   6,200 SEK
Per Month
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