Savings rate in Gothenburg — are you on track?
Gothenburg is a moderate cost city. Gothenburg private rents average 7,500 kr/month, lower than Stockholm with a similar income profile. Gothenburg offers a better cost ratio than Stockholm for comparable professional roles, often allowing above-benchmark savings.
Median rent
7,500 kr/mo
Gothenburg 2022
Typical other costs
9,000 kr/mo
excl. housing
Savings benchmark
10–19%
mid-income SEK
Monthly budget snapshot — Gothenburg
Pre-set for Gothenburg — adjust to your situation
What a good savings rate looks like in Gothenburg
Using data from SCB Household Finances Survey 2022, people at mid-range incomes in Sweden typically save between 10–19% of gross income. In a moderate cost city like Gothenburg, housing costs can compress that meaningfully — especially for renters.
Source: SCB Household Finances Survey 2022. Benchmarks shown for mid-income earners in Sweden.
Frequently asked questions — Gothenburg
What savings rate is considered good in Gothenburg?+
In Gothenburg, a savings rate of 14% of gross income is the expected benchmark for mid-income earners in Sweden. A rate below 10% is considered a minimum floor — anything less means you are not building meaningful financial resilience. Reaching 25% or above puts you in a strong position relative to others at your income level.
How much does rent cost in Gothenburg?+
The median rent in Gothenburg is around 7,500 kr per month. Gothenburg private rents average 7,500 kr/month, lower than Stockholm with a similar income profile. This makes rent one of the biggest factors in your ability to save — especially for renters, who typically face higher housing cost burdens than homeowners with fixed mortgages.
What does a typical monthly budget look like in Gothenburg?+
A typical budget in Gothenburg includes approximately 7,500 kr/month for rent and 9,000 kr/month for other living expenses, for a combined 16,500 kr/month in core costs. Gothenburg offers a better cost ratio than Stockholm for comparable professional roles, often allowing above-benchmark savings. Any income above this baseline is what is available for saving or investing.
Can you build wealth while living in Gothenburg?+
Yes — but it requires a savings rate in the 10–19% range to match the benchmark for Sweden. Gothenburg is a moderate cost city, so housing and living costs are moderate, giving more room to hit the savings benchmark. Gothenburg offers a better cost ratio than Stockholm for comparable professional roles, often allowing above-benchmark savings.
How is the savings benchmark in Gothenburg calculated?+
The benchmark is derived from SCB Household Finances Survey 2022, the official national household expenditure survey for Sweden. Savings rates are calculated by income band — so the expected rate adjusts based on what you earn, not a single national average. This makes the benchmark more relevant to your actual financial position in Gothenburg.