The average monthly salaries in Sweden increased from 2014 to 2022. While Swedes earned 31,400 Swedish kronor on average in 2014, they earned 38,300 in 2022, showing an increase of 22 percent over that time period. The highest average monthly earnings could be found among banking, finance, and insurance managers.

Men earn more than women

As is the norm in most European countries, men earn on average more than women in Sweden. However, women earned on average 95 percent of men's average wages in 2022, showing that Sweden is one of the most equal countries in the world in terms of gender payment.

Public and private sector

Sweden has a large public sector compared to many other countries, but the highest average wages are found in the private sector. In 2021, the average salary per month in the public sector was just short of 36,000 Swedish kronor, compared to nearly 38,000 in the private sector.

The highest average monthly salary in Sweden in 2022 was in the sector of financial institutions and insurance companies. The average monthly salary for employees at companies within this sector amounted to over 57,000 Swedish kronor in 2022, which is significantly higher than the average monthly salary for individuals with a tertiary education in Sweden.

 Insurance industry

The number of insurance companies at the market in Sweden amounted to more than 320 in 2020. Furthermore, more than 22,000 individuals were employed at insurance companies in 2020.

Hotel and restaurant industry

At the bottom of the list of average monthly earnings in Sweden in 2022 was hotels and restaurants, where the average monthly salary amounted to around 28,000 Swedish kronor. The hotel business in Sweden had experienced a growing number of employees before the COVID-19 pandemic hit, which has effected the hotel and restaurant business significantly.

In 2024, finance and insurance managers clearly had the highest average earnings in Sweden. With about 156,000 Swedish kronor per month, they earned on average around 47,000 kronor more than senior government officials, which was the occupational group with the second highest average wages in Sweden that year. With nearly 100,000 Swedish kronor per month, financial brokers had the third highest average salary in Sweden.

In Sweden, people with a tertiary education have the highest average monthly salaries. In 2022, it amounted to 35,700 Swedish kronor, whereas people with a secondary or primary education earned 34,200 and 31,300, respectively. In 2022, almost 24 percent of the population in Sweden had a tertiary education.

The highest average salaries in financial institutions and insurance companies

The industry with the highest average monthly salary in Sweden in 2022 was financial institutions and insurance companies, where it amounted to over 57,000 Swedish kronor. Even within industries the salaries vary , and the occupational group with the highest average salary in Sweden in is banking, finance and insurance managers.

Women have lower salaries than men

Not only does the salary in Sweden differ between occupations, sectors, industries, and the level of education and age of the employee. Furthermore, men have a higher average salary than women. In 2022, women’s average earnings were 95 percent of men's.

Wages in Manufacturing in Sweden increased to 217.30 SEK/Hour in December from 215.40 SEK/Hour in November of 2024. This dataset provides - Sweden Average Hourly Wages in Manufacturing - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2022, home service personnel had the lowest average wages in Sweden, earning 23,400 Swedish kronor per month. Berry pickers and planters had the second lowest average income, followed by cafe and pastry assistants and market researchers and interviewers. That year, banking, finance, and insurance managers had the highest average salary per month in Sweden.

In 2022, female workers in Sweden earned on average 27,100 Swedish kronor on a monthly basis, while the average salary for men in the same class was 30,800 Swedish kronor per month. The difference was higher for civil servants: Here, men earned 49,3000 kronor a month, compared to just above 41,000 kronor for women. Despite this, Sweden has the second lowest gender pay gap level of the five Nordic countries.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in New Sweden town. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in New Sweden town. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in New Sweden town, the median household income stands at $73,750 for householders within the 25 to 44 years age group, followed by $49,250 for the 65 years and over age group. Notably, householders within the 45 to 64 years age group, had the lowest median household income at $44,500.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for New Sweden town median household income by age. You can refer the same here

About this dataset

Context

The dataset presents the the household distribution across 16 income brackets among four distinct age groups in Sweden town: Under 25 years, 25-44 years, 45-64 years, and over 65 years. The dataset highlights the variation in household income, offering valuable insights into economic trends and disparities within different age categories, aiding in data analysis and decision-making..

Key observations

• Upon closer examination of the distribution of households among age brackets, it reveals that there are 3(1.79%) households where the householder is under 25 years old, 37(22.02%) households with a householder aged between 25 and 44 years, 50(29.76%) households with a householder aged between 45 and 64 years, and 78(46.43%) households where the householder is over 65 years old.
• The age group of 25 to 44 years exhibits the highest median household income, while the largest number of households falls within the 65 years and over bracket. This distribution hints at economic disparities within the town of Sweden town, showcasing varying income levels among different age demographics.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income brackets:

• Less than $10,000
• $10,000 to $14,999
• $15,000 to $19,999
• $20,000 to $24,999
• $25,000 to $29,999
• $30,000 to $34,999
• $35,000 to $39,999
• $40,000 to $44,999
• $45,000 to $49,999
• $50,000 to $59,999
• $60,000 to $74,999
• $75,000 to $99,999
• $100,000 to $124,999
• $125,000 to $149,999
• $150,000 to $199,999
• $200,000 or more

Variables / Data Columns

• Household Income: This column showcases 16 income brackets ranging from Under $10,000 to $200,000+ ( As mentioned above).
• Under 25 years: The count of households led by a head of household under 25 years old with income within a specified income bracket.
• 25 to 44 years: The count of households led by a head of household 25 to 44 years old with income within a specified income bracket.
• 45 to 64 years: The count of households led by a head of household 45 to 64 years old with income within a specified income bracket.
• 65 years and over: The count of households led by a head of household 65 years and over old with income within a specified income bracket.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Sweden town median household income by age. You can refer the same here

In 2021, workers in Sweden earned on average 28,500 Swedish kronor monthly, while civil servants had an average salary of 43,600 Swedish kronor per month. What is more, men tend to earn a higher monthly salary than women.

Sweden SE: Proportion of People Living Below 50 Percent Of Median Income: % data was reported at 11.100 % in 2021. This records an increase from the previous number of 10.100 % for 2020. Sweden SE: Proportion of People Living Below 50 Percent Of Median Income: % data is updated yearly, averaging 8.900 % from Dec 1975 (Median) to 2021, with 27 observations. The data reached an all-time high of 11.100 % in 2021 and a record low of 5.200 % in 1987. Sweden SE: Proportion of People Living Below 50 Percent Of Median Income: % data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Sweden – Table SE.World Bank.WDI: Social: Poverty and Inequality. The percentage of people in the population who live in households whose per capita income or consumption is below half of the median income or consumption per capita. The median is measured at 2017 Purchasing Power Parity (PPP) using the Poverty and Inequality Platform (http://www.pip.worldbank.org). For some countries, medians are not reported due to grouped and/or confidential data. The reference year is the year in which the underlying household survey data was collected. In cases for which the data collection period bridged two calendar years, the first year in which data were collected is reported.;World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income economies are mostly from the Luxembourg Income Study database. For more information and methodology, please see http://pip.worldbank.org.;;The World Bank’s internationally comparable poverty monitoring database now draws on income or detailed consumption data from more than 2000 household surveys across 169 countries. See the Poverty and Inequality Platform (PIP) for details (www.pip.worldbank.org).

This statistic shows the average monthly salary in Sweden in 2016, by age group and gender. Men earned more than women regardless of age. Both men and women earned the most in the age group of 45 to 54 years. At this age, men received an average salary of 39 thousand Swedish kronor whereas women earned on average 33.3 thousand Swedish kronor.

Sweden SE: Wages Index: % Change data was reported at 2.578 % in 2016. This records a decrease from the previous number of 2.712 % for 2015. Sweden SE: Wages Index: % Change data is updated yearly, averaging 6.443 % from Dec 1949 (Median) to 2016, with 68 observations. The data reached an all-time high of 23.464 % in 1975 and a record low of -1.453 % in 1993. Sweden SE: Wages Index: % Change data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sweden – Table SE.IMF.IFS: Wages, Labour Cost and Employment Index: Annual.

Sweden SE: Wages Index data was reported at 118.066 2010=100 in 2016. This records an increase from the previous number of 115.099 2010=100 for 2015. Sweden SE: Wages Index data is updated yearly, averaging 26.270 2010=100 from Dec 1948 (Median) to 2016, with 69 observations. The data reached an all-time high of 118.066 2010=100 in 2016 and a record low of 1.220 2010=100 in 1948. Sweden SE: Wages Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sweden – Table SE.IMF.IFS: Wages, Labour Cost and Employment Index: Annual.

The average monthly salary for employees in the public sector in Sweden amounted to 36,600 Swedish kronor in 2022. During the same year, the average monthly salary in the private sector was slightly higher.

Around 1.5 million employees in the public sector

Sweden has a large public sector compared to many other countries. It employed in total around 1.5 million individuals in 2022, distributed between the central government and the municipal sector. Most of the employees were employed within the municipal sector.

Extensive public sector and a relatively high tax ratio

The public sector in Sweden is extensive and covers social insurances, health care, and education, among others. The public sector is financed by taxes and due to such a large public sector, Sweden has a relatively high tax ratio, which was at 42 percent of Sweden’s gross domestic product in 2022.

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Sweden, New York, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 14,026, while the mean income for the highest quintile (20% of households with the highest income) is 204,180. This indicates that the top earners earn 15 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 320,529, which is 156.98% higher compared to the highest quintile, and 2285.25% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Sweden town median household income. You can refer the same here

About this dataset

Context

The dataset presents median income data over a decade or more for males and females categorized by Total, Full-Time Year-Round (FT), and Part-Time (PT) employment in Sweden town. It showcases annual income, providing insights into gender-specific income distributions and the disparities between full-time and part-time work. The dataset can be utilized to gain insights into gender-based pay disparity trends and explore the variations in income for male and female individuals.

Key observations: Insights from 2023

Based on our analysis ACS 2019-2023 5-Year Estimates, we present the following observations: - All workers, aged 15 years and older: In Sweden town, the median income for all workers aged 15 years and older, regardless of work hours, was $35,000 for males and $28,972 for females.

These income figures indicate a substantial gender-based pay disparity, showcasing a gap of approximately 17% between the median incomes of males and females in Sweden town. With women, regardless of work hours, earning 83 cents to each dollar earned by men, this income disparity reveals a concerning trend toward wage inequality that demands attention in thetown of Sweden town.

- Full-time workers, aged 15 years and older: In Sweden town, among full-time, year-round workers aged 15 years and older, males earned a median income of $63,512, while females earned $48,985, leading to a 23% gender pay gap among full-time workers. This illustrates that women earn 77 cents for each dollar earned by men in full-time roles. This analysis indicates a widening gender pay gap, showing a substantial income disparity where women, despite working full-time, face a more significant wage discrepancy compared to men in the same roles.

Remarkably, across all roles, including non-full-time employment, women displayed a similar gender pay gap percentage. This indicates a consistent gender pay gap scenario across various employment types in Sweden town, showcasing a consistent income pattern irrespective of employment status.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Gender classifications include:

• Male
• Female

Employment type classifications include:

• Full-time, year-round: A full-time, year-round worker is a person who worked full time (35 or more hours per week) and 50 or more weeks during the previous calendar year.
• Part-time: A part-time worker is a person who worked less than 35 hours per week during the previous calendar year.

Variables / Data Columns

• Year: This column presents the data year. Expected values are 2010 to 2023
• Male Total Income: Annual median income, for males regardless of work hours
• Male FT Income: Annual median income, for males working full time, year-round
• Male PT Income: Annual median income, for males working part time
• Female Total Income: Annual median income, for females regardless of work hours
• Female FT Income: Annual median income, for females working full time, year-round
• Female PT Income: Annual median income, for females working part time

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Sweden town median household income by race. You can refer the same here

Sweden SE: Households: Gross disposable Income: Wages and Salaries data was reported at 457,612.000 SEK mn in 2017. This records an increase from the previous number of 438,582.000 SEK mn for 2016. Sweden SE: Households: Gross disposable Income: Wages and Salaries data is updated yearly, averaging 438,582.000 SEK mn from Dec 2015 (Median) to 2017, with 3 observations. The data reached an all-time high of 457,612.000 SEK mn in 2017 and a record low of 416,739.000 SEK mn in 2015. Sweden SE: Households: Gross disposable Income: Wages and Salaries data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s Sweden – Table SE.IMF.FSI: Sectoral Financial Statement: Income and Expense: Annual.

The average monthly salary in the private sector in Sweden in 2022 was 39,000 Swedish kronor. This was slightly higher than in the public sector.  

The majority of employees work in the private sector

Most of the inhabitants with a job in 2022 were employed in the private sector, reaching 3.1 million employees. Among the employees in the public sector, the largest group were municipal workers, amounting to around 1.2 million people, while around 356,000 worked for the central government.

Banking, finance and insurance managers earn the most

Although the average salary in the private sector amounted to 39,000 Swedish kronor in 2022, the salaries between occupations and industries vary widely. For example, the occupation with the highest average salary in 2021 was managers in banking, finance or insurance companies, where the average salary amounted to nearly 145,000 Swedish kronor per month.

About this dataset

Context

The dataset tabulates the New Sweden town household income by age. The dataset can be utilized to understand the age-based income distribution of New Sweden town income.

Content

The dataset will have the following datasets when applicable

Please note: The 2020 1-Year ACS estimates data was not reported by the Census Bureau due to the impact on survey collection and analysis caused by COVID-19. Consequently, median household income data for 2020 is unavailable for large cities (population 65,000 and above).

• New Sweden, Maine annual median income by age groups dataset (in 2022 inflation-adjusted dollars)
• Age-wise distribution of New Sweden, Maine household incomes: Comparative analysis across 16 income brackets

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Interested in deeper insights and visual analysis?

Explore our comprehensive data analysis and visual representations for a deeper understanding of New Sweden town income distribution by age. You can refer the same here