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Scandinavia, in general, is expensive to live in. That said, when compared to other capitals such as Oslo and the notoriously expensive Copenhagen, Stockholm is rather affordable. Out of the 209 countries surveyed for Mercer’s Cost of Living Survey for 2021, Stockholm ranked 72nd which suggests its cost of living is much gentler than Copenhagen (16th) and Oslo (55th). Despite this, expats should not expect to live cheaply in the Swedish capital.
An expat’s biggest expense in Stockholm, as in most cities, is accommodation. Rental prices can be astronomical, among the highest in Europe in fact, and many expats don’t even consider buying as housing is so pricey. Public transport, although highly efficient and extensive, is also costly, as are many other services and goods in the city. High taxes also add to the overall cost of living.
The good news is that high salaries generally make up for the cost of living in Stockholm, and expats tend to find the quality of life in this spectacular city is very much worth the cost.
Cost of food in Stockholm
Although Sweden produces some fruit and vegetables, it imports most of its fresh produce, which of course increases the prices of these items in supermarkets. Meat, fish and dairy products are a little cheaper and, with affordable foreign chains such as Netto and Lidl appearing in Stockholm in recent years, grocery shopping doesn’t have to be an overly costly affair. Local brands such as Hemköp, Coop and ICA aren’t too expensive either, as long as expats stick to the larger stores towards the outskirts and avoid the smaller convenient branches in the centre of the city.
Regardless, even expensive groceries will seem like a snip when compared to the eye-popping prices on restaurant menus in Stockholm, which is why most expats cook rather than eat out.
Cost of accommodation in Stockholm
Accommodation in Stockholm is some of the priciest in Europe. The rental market in the city is highly regulated, with a long waiting list, and property prices in Stockholm are steep and are generally considered to be overvalued. Of course, the demand is sky high in the city centre and the further away from the centre or the archipelago one searches, the more affordable housing becomes.
Should one choose to live in an affluent area such as Östermalm, for instance, one can expect to pay dearly, while outlying areas such as Bromma will save expats some money on accommodation. We’d advise expats to consider leases carefully before renting, and make sure of which utilities are included. Sweden gets extremely cold during winter, which can lead to a hefty electricity bill.
Cost of transport in Stockholm
Public transport in Stockholm, although eminently punctual and seamlessly efficient, comes at a cost. Purchasing monthly or annual passes can help curb the cost, but it still adds up. Expats usually prefer not to purchase a vehicle, as the cost of fuel makes it largely impractical. Taxis and ride-hailing services are available and on par with the rates of those in other major European metros.
Cost of entertainment in Stockholm
As mentioned, eating out in Stockholm will cost a veritable arm and a leg. Many expats earn good salaries in the city and most can afford the odd night out, but we’d recommend that newcomers to the city budget carefully when it comes to entertainment. Buying drinks in pubs can also be eye-wateringly expensive, and attractions such as the theatre and cinema don’t come cheap either.
Of course, there are bargains to be had, and expats should be on the lookout for restaurant specials, movie nights and drinks promotions at bars. It also depends on the area: a night out in a neighbourhood such as Södermalm will be far more affordable ‒ and probably way more fun ‒ than in an upmarket area such as Östermalm.
Cost of living in Stockholm chart
Prices may vary depending on product and service provider. The list below shows average prices in May 2022.
Accommodation (average monthly rental) |
|
Three-bedroom apartment in city centre |
SEK 25,000 |
Three-bedroom apartment outside of city centre |
SEK 18,000 |
One-bedroom apartment in city centre |
SEK 14,000 |
One-bedroom apartment outside of city centre |
SEK 10,000 |
Food and drink |
|
Milk (1 litre) |
SEK 11.30 |
Dozen eggs |
SEK 34 |
White bread |
SEK 27 |
Rice (1kg) |
SEK 28 |
Chicken fillets (1kg) |
SEK 110 |
Pack of cigarettes (Marlboro) |
SEK 69 |
Public transportation |
|
City centre bus/train fare |
SEK 39 |
Taxi rate per km |
SEK 24 |
Petrol (1L) |
SEK 20 |
Eating out |
|
Big Mac Meal |
SEK 85 |
Coca-Cola (330ml) |
SEK 22.50 |
Cappuccino |
SEK 41 |
Local beer (500ml) |
SEK 70 |
Three-course meal for two at a mid-range restaurant |
SEK 800 |
Utilities |
|
1 min prepaid mobile tariff |
SEK 1.22 |
Internet (uncapped ADSL per month) |
SEK 350 |
Utilities (average per month for a standard household) |
SEK 780 |
Further reading
►For more on the various suburbs of Stockholm check out our Areas and Suburbs of Stockholm page
Expat Interviews
"Groceries are surprisingly affordable. Public transport is pricey, but certainly worth it. Accommodation is not easy to find and rent is high, but the quality of housing, when you're eventually able to secure it, is excellent. Eating out, and drinks at pubs or clubs are very steep too." Read more of Steve's thoughts on expat life in Stockholm.
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