Cost of living

Sweden flagThe cost of living varies considerably depending on where you live. For example, accommodation and other living costs may be higher in Stockholm and other large cities than in more rural areas. The average monthly living expenses for a student in Sweden are approximately SEK 7,070 (about 750 €).

Money and banking

The currency of Sweden is the Swedish Krona (SEK). Most international credit cards, Visa, MasterCard, Eurocard and American Express are also accepted throughout Sweden. To facilitate everyday life, it might be advisable to open a bank account. To do this, you will need to visit the bank branch in person and have your passport with you for identification. You may also need to show your Student Union membership and a letter stating that you are a visiting student.

Travelling costs

Usually, students need to pay for and organize their own travel to the destination country. If you are keen to explore Sweden getting around by cars, bikes, coaches, trains, ferries, and airlines is easy. Motorways and roads are well maintained and relatively free of traffic in comparison to many countries. The outdoors and nature is worth exploring and there’s a lot to see and experience for those who appreciate an unspoiled environment and sporting activities such as canoeing, kayaking, hiking, horse riding and skiing. In big cities like Stockholm, Malmö and Gothenburg, culture and the arts are flourishing and there are numerous events and museums offering cultural experiences.

Do you want to learn more about Swedish business culture?