Besides being one of the hugest cities in Sweden, Malmo attracts both tourists and future settlers with its location on the south of the country.
Considering the fact that Sweden cannot boast so perfect weather, that is why Malmo, as it is one of the warmest cities of the country, is ideal for those who are ready to settle Sweden, but are not used to severe weather conditions.
Knowing the monthly spendings of its citizens might help those of you interested in living in Malmo.
Having a meal at the local restaurants in Malmo can be your means of entertainment, but not too often, due to the high prices of dishes.
An inexpensive restaurant offers a meal for one person at the price of $10.
Alcohol is highly taxed in Sweden, so an average priced bottle of beer costs $7 or more.
In order to help those who are interested in finding out the cost of living in Malmo, it can be suggested that searching for better prices of food here is not unusual, as the stores offer different prices.
The best way of saving some money is to go to the supermarkets which offer discounts or buy groceries at the local market.
The best way of getting through Malmö is cycling.
It is a small city, and it is easier to get to a certain place by bicycle or on food, rather than by car.
Public transport consists of trains and buses and it is not too expensive.
It is amazing to know that only 3% of your monthly budget will be spent on utilities, which are extremely expensive in some other countries.
Malmo boasts low service prices, as well as whole Sweden and they do not exceed $100 with the Internet access included.
SPORTS & LEISURE
Sports people might not be too satisfied with the tennis court prices in Malmo, which are pretty unaffordable, but fitness clubs have reasonable prices and are frequently visited, due to the fact that people in Malmo lead healthy lifestyles.
You can maybe cut these costs down a bit if you prefer outdoor activities.
CLOTHING & SHOES
If you want to buy a designer clothing item of proper quality you will need to spend more than $100.
Apparel is quite expensive in Malmo and it is usually for tourists or those who earn more than the average salary here.
People with the minimum wages would not be able to afford it.
RENT PER MONTH
Malmö now prides itself on being a city full of advantages that Sweden has to offer and at the same time more affordable than the majority of other cities there.
The affordability refers to the rent costs, which are twice as low as in Stockholm.
Cost of Living Averages Table for Malmo
|Average Restaurant Prices|
|Meal (Inexpensive Restaurant)||$10.75|
|Domestic Beer (0.5 Liter)||$7.21|
|Water (0.33 Liter)||$1.96|
|Average Market Prices|
|Milk (1 Liter)||$4.71|
|Loaf Bread (500g)||$2.22|
|Average Transport Prices|
|One Way Ticket||$2.69|
|Average Utilities Prices|
|Basic (Water, Electricity, Garbage, Heating, Cooling)||$57.60|
|1 min. of Prepaid Mobile Tariff Local||$0.10|
|Internet (Unlimited Data, Cable/ADSL)||$31.09|
|Average Leisure Prices|
|Fitness Club, Monthly Fee for 1 Adult||$30.52|
|Tennis Court Rent (1 Hour)||$26.89|
|Cinema, 1 Seat, International Release||$12.91|
|Average Clothing Prices|
|1 Pair of Jeans (Levis 501 Or Comparable)||$95.52|
|1 Summer Dress in a Chain Store (Zara, etc...)||$43.76|
|1 Pair of Adidas Walking Shoes (Mid-Range)||$101.83|
|Average Rent Prices|
|Apartment (1 bedroom) in City Center||$768.88|
|Apartment (1 bedroom) Outside of Center||$563.48|
|Apartment (3 bedrooms) in City Center||$1342.21|
How Does the Average Person Spend Their Money in Malmo?
Besides food, which is the greatest and the most important expense wherever in the world you happen to be, the rental prices in Malmö take the great portion of the monthly budget even though they are significantly cheaper than those in Stockholm and Gothenburg.
The reason for this is the fact that the city is smaller, and even more can be saved if you rent an apartment far from the city center.
Restaurants are expensive, but still very frequently visited.
The least money is spent on clothing and utilities, which are really affordable here.
Malmo: Average Salary, Minimum Wage & Mortgages
Another way of saving some money on the rent, besides renting a place out of the city center, is buying your own property.
Malmo is still developing into a city, but the mortgage interest rates are affordable, not exceeding 2.88%.
When the living costs and monthly salaries in Malmo are compared, it can be noticed that Malmo is significantly more affordable than Gothenburg and Stockholm.
Malmo is the perfect place to raise a family and lead a stable life.
Cost of Living by City in Sweden
*Click the name of the city for more information.
|City||Cost of Living Index|