Updated 25 October 2026
Quick answer: In Sweden in 2026, there is no national minimum wage (pay floors are set by collective agreements); an average earner keeps 77% of their pay after income tax and social security; household electricity costs €0.306 per kWh; petrol is €1.64/L, up 14.4% since February; the state pension age is 67 (guarantee pension). The table below puts 9 everyday money measures for Sweden side by side and ranks each one against the other countries in our data, using official figures from national statistics offices, central banks, the OECD and Eurostat.
Most comparisons of Sweden look at one number at a time. This page gathers the figures that matter for working, buying a home, paying bills and retiring in Sweden, so you can see them together and see how Sweden compares. Each section links to our full guide for that topic, which covers every country and lists the original sources, and each dataset can be downloaded free.
Sweden at a Glance
| Measure | Sweden | Rank |
|---|---|---|
| Minimum wage | None by law (collective agreements) | — |
| Tax on an average wage | 22.6% (keeps 77%) | 10th lowest of 38 |
| Pay rise forecast 2027 | 3.0% (inflation %) | 4th lowest of 29 |
| Electricity (household) | €0.306/kWh (≈ $0.34) | 7th highest of 33 |
| Petrol price | €1.64/L (+14.4% since Feb) | 4th lowest of 29 |
| State pension age | 67 (guarantee pension) | 5th highest of 39 |
| Pension (share of pay) | 66.3% of net pay | 25th highest of 50 |
| Bank deposit protection | €100,000 per person, per bank | — |
| Inheritance tax (children) | None | — |
Rank compares Sweden with the other countries in each dataset; "highest" means the largest value. "—" means the measure isn't ranked.
Minimum Wage in Sweden (2026)
Sweden has no statutory national minimum wage. Pay floors are set sector by sector in collective agreements between unions and employers, which cover most workers and are often higher than the legal minimums of neighbouring countries.
Full table for every country, with sources: Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars. Download the data (CSV).
Income Tax and Take-Home Pay in Sweden
A single worker on the average wage in Sweden (about $66,000 at purchasing-power parity) pays 22.6% of gross pay in income tax and employee social security, so they keep 77%. That is 10th lowest of 38 countries, against an OECD average of 25.1%.
Income tax and employee social security take 22.6% of pay at the average wage, 19.6% at two-thirds of it and 32.7% at 1.67 times it. Including employer contributions, the total tax wedge is 41.1% of labour costs.
Full table for every country, with sources: Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries. Download the data (CSV).
Pay Rises in Sweden: 2027 Forecast
Employers in Sweden expect to raise salaries by 3.0% in 2027 (median of the major pay surveys), after 3.3% in 2026. With inflation at % (), that is roughly flat in real terms.
Full table for every country, with sources: Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table. Download the data (CSV).
Electricity Prices in Sweden
Households in Sweden pay about €0.306 per kWh of electricity (about $0.34), 7th most expensive of 33 countries; the EU average is €0.283. Change: +12.9% vs late 2025.
Household gas: €0.220 per kWh. Typical household using 2,500–5,000 kWh a year, all taxes included, January–June 2026.
Full table for every country, with sources: Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills. Download the data (CSV).
Petrol Prices in Sweden Since the Iran War
Petrol in Sweden costs €1.64/L (week of 19 October 2026), up 14.4% from €1.43/L in the week before the Iran war began. It peaked at €1.77/L (23 Mar). At about $1.84 a litre it is 4th cheapest of 29 countries, and the rise is 4th smallest of 29 countries.
Full table for every country, with sources: Petrol Prices Since the Iran War: How Much They Have Risen in 35 Countries. Download the data (CSV).
Retirement Age in Sweden
The state pension age in Sweden is 67 (guarantee pension) for people reaching it in 2026; the earliest you can claim is 64 (income pension). Future change: Ages linked to life expectancy. The earnings-related income pension can be drawn from 64; the 'target age' is 67.
Full table for every country, with sources: Retirement Age by Country 2026: State Pension Ages in 39 Countries. Download the data (CSV).
How Much the State Pension Pays in Sweden
A full-career average earner in Sweden can expect a mandatory pension worth about 66.3% of their previous net pay, 25th most generous of 50 countries (OECD average 63.2%). Low earner (half the average wage): 67%. High earner (twice the average): 84%.
Full table for every country, with sources: State Pension Amounts by Country 2026: How Much Retirees Actually Get. Download the data (CSV).
How Much of Your Money Is Protected in Sweden
Bank deposits in Sweden are protected up to €100,000 per depositor, per bank (about $111,900), the limit set by EU law for every member state. Harmonised by EU law; local-currency equivalent outside the euro. Money in payment apps and e-money wallets is usually not covered.
Full table for every country, with sources: Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected. Download the data (CSV).
Inheritance Tax in Sweden
Sweden has no inheritance tax for children. Abolished in 2005.
Full table for every country, with sources: Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays. Download the data (CSV).
Frequently Asked Questions
Does Sweden have a minimum wage?
No. Sweden has no national minimum wage set by law; minimum pay is agreed sector by sector in collective agreements.
How much tax do you pay in Sweden?
On the average wage, income tax plus employee social security in Sweden take 22.6% of gross pay, so a single worker keeps 77% (OECD average: 25.1%).
What is the average pay rise in Sweden for 2027?
Pay surveys forecast an average salary increase of 3.0% in Sweden for 2027, against inflation of %.
How much does electricity cost in Sweden?
Household electricity in Sweden costs about €0.306 per kWh (about $0.34), 7th most expensive of 33 countries.
How much has petrol gone up in Sweden?
Petrol in Sweden has risen 14.4% since February 2026, from €1.43/L to €1.64/L.
What is the retirement age in Sweden?
The state pension age in Sweden is 67 (guarantee pension) in 2026, with the earliest claim at 64 (income pension). Legislated change: Ages linked to life expectancy.
How much is the state pension in Sweden?
In Sweden, mandatory pensions replace about 66.3% of an average earner's net pay after a full career, against an OECD average of 63.2%.
How much money is insured in a bank in Sweden?
Deposits in Sweden are insured up to €100,000 per person, per bank.
Is there inheritance tax in Sweden?
No. Sweden does not tax inheritances passed to children. Abolished in 2005.
Compare Sweden With Other Countries
See every country side by side in Compare Countries 2026: Minimum Wage, Tax, Mortgage Rates, Energy and Pension Age in 35 Countries, or open a country page: Australia, Austria, Belgium, Brazil, Canada, China, Czechia, Denmark, Estonia, Finland, France, Germany, Greece, India, Ireland, Italy, Japan, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, South Africa, South Korea, Spain, Switzerland, the United Kingdom, the United States.
Related Guides
- Minimum Wage by Country 2026: Hourly and Monthly Rates in US Dollars
- Income Tax by Country 2026: How Much of Your Salary You Keep in 38 Countries
- Salary Increase Forecasts 2027 by Country: Every Major Survey in One Table
- Electricity Prices by Country 2026: What Households Pay per kWh, and What the Iran War Means for Bills
- Petrol Prices Since the Iran War: How Much They Have Risen in 35 Countries
- Retirement Age by Country 2026: State Pension Ages in 39 Countries
- State Pension Amounts by Country 2026: How Much Retirees Actually Get
- Deposit Insurance Limits by Country 2026: How Much of Your Money Is Protected
- Inheritance Tax by Country 2026: Thresholds, Rates and Who Pays
- How Much Emergency Fund Do You Need? (With Calculator)
Figures checked against the official sources listed in each linked guide in October 2026. Exchange-rate conversions are approximate. This page is for information and isn't financial or legal advice.
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