Cost of living in Stockholm
Stockholm, the capital of Sweden, is known for its rich history, vibrant culture, and stunning architecture. As a major urban center, understanding the cost of living in Stockholm is crucial for both residents and newcomers.
This guide provides a detailed breakdown of expenses in Stockholm, covering essential categories such as dining, groceries, transportation, housing, and utilities. Whether you're planning to move or just curious about the city's expenses, this overview will help you navigate the financial landscape of Stockholm.
Cost of Living Summary
Dining and Restaurants
- Inexpensive Restaurant Meal - A meal at a casual restaurant will typically cost $13.53 on average, with a range between $10.83 and $22.55.
- Mid-Range Restaurant (Three-Course Meal for Two) - For a more upscale dining experience, expect to pay around $90.21, with prices ranging from $63.15 to $144.34.
- Fast Food (e.g., McDonald's) - A McMeal or equivalent combo meal averages $9.92, with a range between $8.75 and $10.83.
- Beverages (e.g., Domestic Beer, Imported Beer, Cappuccino, Coke/Pepsi) - Domestic beer ranges from $5.32 to $8.12, imported beer $5.32 to $9.02, cappuccino $2.26 to $5.41, and Coke/Pepsi $1.8 to $3.16.
Grocery Prices
- Milk - Milk is priced between $1.08 and $1.89 per liter, averaging $1.41.
- Bread (Loaf of Fresh White Bread) - A loaf of fresh white bread costs between $1.58 and $4.06, with an average price of $2.66.
- Eggs (Dozen) - A dozen eggs range from $3.03 to $4.33, averaging $3.8.
- Fruits (e.g., Apples, Oranges) - Apples cost $1.35 to $4.06 per kg, while oranges range from $1.8 to $3.61 per kg.
- Vegetables (e.g., Potatoes, Lettuce) - Potatoes are priced between $1.08 and $1.98 per kg, and lettuce costs $1.35 to $3.16 per head.
Transportation
- Public Transport (One-Way Ticket) - A one-way local transport ticket costs between $3.79 and $3.97, with a monthly pass priced between $92.02 and $94.72.
- Fuel (Gasoline) - Gasoline is priced between $1.53 and $1.98 per liter.
- Taxi Fares - Taxi fares start at $5.32, with a cost of $1.35 to $4.51 per km and $36.09 to $54.13 per hour of waiting.
Housing Costs
- 1-Bedroom Apartment Rent (City Centre) - Rent for a 1-bedroom apartment in the city centre ranges from $902.13 to $1984.68, averaging $1467.87.
- 1-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $541.28 to $1353.19, averaging $910.56.
- 3-Bedroom Apartment Rent (City Centre) - Rent for a 3-bedroom apartment in the city centre ranges from $1804.25 to $4059.56, averaging $2463.12.
- 3-Bedroom Apartment Rent (Outside Centre) - Outside the centre, rent ranges from $1037.44 to $2255.31, averaging $1589.54.
- Buying Price per Square Meter (City Centre) - The price per square meter to buy an apartment in the city centre ranges from $9021.25 to $10825.5, averaging $9847.07.
- Buying Price per Square Meter (Outside Centre) - Outside the centre, the price per square meter ranges from $4330.2 to $7217, averaging $5286.03.
Utilities
- Basic Utilities (Electricity, Heating, Water, etc.) - Basic utilities for an 85m2 apartment cost between $90.21 and $403.58, averaging $184.18.
- Internet - Internet services range from $18.49 to $49.62, with an average cost of $31.87.
Cost of Living Rankings
Stockholm ranks 1st on the Cost of Living rankings in Sweden. The cost of living indices for Sweden are compared to New York City (NYC), which serves as the baseline with an index of 100. These provide insights into the relative cost of living in different cities in Sweden, covering factors like consumer goods, rent, and purchasing power.
Cost of Living Data
Restaurants
Restaurants
Markets
Markets
Transportation
Transportation
Rent Per Month
Rent Per Month
Utilities (Monthly)
Utilities (Monthly)
Sports And Leisure
Sports And Leisure
Clothing And Shoes
Clothing And Shoes
Buy Apartment Price
Buy Apartment Price
Salaries And Financing
Salaries And Financing
Childcare
Childcare
"Key Takeaways"
Stockholm presents a relatively high cost of living, particularly in terms of housing and dining. Rent prices in the city centre are notably higher compared to areas outside the centre.
Transportation costs are moderate, with public transport being a viable option for daily commuting. Grocery prices are reasonable, though some items like local cheese and beef can be more expensive.
Utilities and internet services are generally affordable, contributing to a balanced monthly budget for residents.
Conclusion
In conclusion, Stockholm offers a vibrant lifestyle with a cost of living that reflects its status as a major European capital. While housing and dining can be expensive, there are opportunities to manage costs through strategic choices in accommodation and dining.
For those considering a move to Stockholm, understanding these expenses is crucial for effective financial planning. With its rich cultural offerings and efficient public transport, Stockholm remains an attractive destination despite its higher living costs.