Spend Your Golden Years Surrounded by Natural Beauty and Nordic Charm
If you’re dreaming of spending your golden years in one of the happiest countries in the world, you might want to retire in Sweden. The Nordic nation offers breathtaking nature, top-tier healthcare and education, a high standard of living, low income inequality, and a culture of open-mindedness.
Not only that, but the cost of living is lower than in other Scandinavian countries, making it even more appealing to those seeking a comfortable and fulfilling retirement. It’s little wonder, then, that Sweden holds the 4th spot in the 2024 'World Happiness Report'.
But before you decide to move there, there are a few things to consider. Our essential guide covers everything you need to know, from visa requirements and the cost of living to the best places to live and more.
If you’re dreaming of spending your golden years in one of the happiest countries in the world, you might want to retire in Sweden. The Nordic nation offers breathtaking nature, top-tier healthcare and education, a high standard of living, low income inequality, and a culture of open-mindedness.
Not only that, but the cost of living is lower than in other Scandinavian countries, making it even more appealing to those seeking a comfortable and fulfilling retirement. It’s little wonder, then, that Sweden holds the 4th spot in the 2024 'World Happiness Report'.
But before you decide to move there, there are a few things to consider. Our essential guide covers everything you need to know, from visa requirements and the cost of living to the best places to live and more.
The Pros and Cons of Retiring in Sweden
Sweden’s tolerant culture and strong public infrastructure make it an appealing destination for retirees. However, not every country is the right fit for every expat, so it’s important to understand what you're getting into before committing to a life abroad.
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What Are the Benefits of Retiring in Sweden?
Some of the best things about Sweden revolve around health and wellness, which are important factors that become even more of a priority as we age.
Sweden boasts an exceptional healthcare system, which is known for delivering outstanding patient outcomes. In fact, according to U.S. News & World Report, it has the best public healthcare system of the 87 countries reviewed.
The country’s commitment to quality medical care might explain why the average Swede’s life expectancy is 83, which is significantly higher than the global average of 71. It also helps that Scandinavians value a healthy, active lifestyle.
Families tend to spend a lot of time outdoors and enjoy nature with activities like hiking, swimming, and kayaking. Children are also encouraged to stay active through school and weekend sports programs.
Sauna culture is an integral part of Swedish wellness routines, and research shows that regular use of this practice can support physical and mental well-being, promote relaxation, improve circulation, and reduce stress.
Sweden’s clean air is another key factor in the population's overall well-being. As one of the least polluted countries in the world, Sweden benefits from high air quality, along with its neighbors Norway, Finland, Iceland, and Greenland.
While Sweden is the 25th most expensive country in the world, it is the most affordable among the Nordic nations. In fact, it offers a lower cost of living than other popular retirement destinations like Switzerland, Australia, Canada, and New Zealand.
Another perk of retiring in Sweden is the high level of English proficiency. About 90% of Swedes speak English fluently, so even if you don’t speak Swedish, you won’t have to worry too much about facing a language barrier.
Overall, Sweden offers an exceptional quality of life for foreign retirees. It has a high standard of living, clean cities, good transport, and a progressive mindset that welcomes people from all walks of life.
What Are the Cons of Retiring in Sweden?
Although Sweden has much to offer foreign retirees, it's important to consider whether the country’s weather patterns and high tax rates could be a concern for your particular situation.
Sweden's dark, rainy winters can make the country feel dreary from December to March. During this time, the days are short, with only six or seven hours of sunlight. About 15% of Sweden lies within the Arctic Circle, so winter temperatures in the northernmost counties are severe, averaging -28 degrees Fahrenheit.
Another downside to living in Sweden is its high income tax rates. The country's healthcare system is funded through taxes, and the top personal income tax rate is 52.2%, which is much higher than the global average of 33%. For comparison, federal income tax rates in the United States can range from 10% to 37%.
However, it’s worth keeping in mind that in exchange for those higher taxes, Swedish residents have access to some of the world's best social programs and infrastructure.
Although Sweden is the most affordable of the Nordic countries, it still has a relatively high cost of living compared to many other nations. The cost of living in major cities like Stockholm and Gothenburg is particularly steep.
That said, it can still be more affordable than major cities in the U.S. For example, living in Stockholm is about 38% cheaper than living in New York, and rent is around 68% cheaper.
Another factor to consider is that while Swedes are generally tolerant, they can appear to be quite reserved at first. As a culture, Swedes tend to avoid small talk and prioritize values like respect, personal space, humility, and honesty.
In fact, a 2023 survey ranked Sweden 46th out of 53 countries in terms of ease of making friends. That’s not to say your new neighbors won’t welcome you, but building a strong social network might take some time.
The Best Places to Retire in Sweden
Sweden offers a wealth of great cities for those looking to retire abroad, which can make choosing the right location a challenge.
To help you narrow your options, we’ve rounded up the best Swedish cities to spend your golden years. We’ve evaluated each city based on factors such as cost of living, safety, healthcare access, walkability, green spaces, and more.
Stockholm
Home to nearly one million people and three UNESCO World Heritage Sites, the capital city of Stockholm is where you’ll find the largest concentrations of immigrant communities.
Although it has the highest cost of living in all of Sweden, it’s the place to be if you’re a retiree who prefers an active, social lifestyle in a vibrant metropolitan setting.
Spread across fourteen islands and the Swedish mainland, Stockholm boasts 160 kilometers of shoreline and dozens of parks, offering a unique blend of city living and nature.
The city is highly walkable and experiences less traffic congestion than other major cities, making it ideal for retirees. Additionally, residents have access to top-tier healthcare, including some of the best doctors and specialized care in Sweden.
Stockholm’s excellent public transportation system, which includes the metro, buses, and ferries, makes getting around without a car easy. Seniors enjoy discounted fares, making it an affordable option for retirees.
The city also offers a rich cultural scene, with museums, theaters, and live music venues, many of which offer special programs or senior discounts. Whether you're interested in history, art, or Swedish traditions, Stockholm offers plenty of opportunities to stay mentally and socially engaged in retirement.
Sundsvall
Surrounded by stunning sea and mountain views, the small city of Sundsvall is ideal for retirees looking to enjoy urban living amid natural beauty.
Home to approximately 100,000 people, it offers one of the lowest living costs in Sweden, making it an ideal destination for retirees looking to stretch their retirement funds further.
The historic city center, known as Stone City, is filled with charming shops, cafes, and restaurants, while the waterfront beaches provide ample opportunities to swim and soak up the sun during the summer months.
Retirees will also appreciate the city's high quality of life, including excellent healthcare, reliable public services, and a strong sense of community.
However, it's worth noting that winters can be harsh, with long periods of snow and cold, which may require some adjustment. Still, for those seeking a peaceful yet well-connected lifestyle, Sundsvall is an excellent choice.
Jönköping
Nestled between lush green forests and offering stunning waterfront views of Lake Vättern, Jönköping is an ideal destination for retirees who appreciate nature and outdoor activities.
With a population of approximately 113,000, Jönköping is one of Sweden’s most affordable and safest cities, offering retirees peace of mind and a comfortable lifestyle. Whether you enjoy hiking, boating, or simply relaxing by the lake, the city offers a serene backdrop for an active retirement.
Located midway between Stockholm and Copenhagen, Jönköping offers easy access to Swedish cities and neighboring countries. Major European destinations like Paris, Zurich, Budapest, and London are just a few hours away by plane, making it ideal for retirees who enjoy travel.
In addition to its natural beauty, Jönköping boasts excellent healthcare, various cultural activities, and a wide range of outdoor recreation options, including fishing and winter sports.
While winters can be cold with snowfall, the city’s slower pace of life, combined with its local amenities and international travel connections, makes Jönköping a perfect choice for those seeking a well-rounded, active retirement.
Östersund
For retirees who love to explore food, Östersund is an ideal place to call home. With a population of approximately 50,000, the city is one of only 57 worldwide to receive a UNESCO City of Gastronomy distinction.
This recognition highlights Östersund’s commitment to sustainable culinary practices, local ingredients, and a vibrant food culture that blends traditional Swedish dishes with modern innovation.
Located inland in northern Sweden, Östersund is surrounded by waterways and trails, making it ideal for retirees who enjoy outdoor activities like biking, hiking, canoeing, kayaking, and fishing.
The city is also known for its low pollution and minimal traffic and is ranked as one of the safest places to live in Sweden. Additionally, Östersund offers excellent healthcare facilities, which is essential for retirees looking for reliable medical care.
With its relaxed pace of life, strong community ties, emphasis on sustainability, and a celebrated food scene, Östersund offers retirees a peaceful yet active lifestyle in a beautiful, nature-filled setting.
Malmö
Located in southern Sweden, Malmö is the country's third-largest city and home to around 350,000 residents. Its vibrant atmosphere makes it popular with both young professionals and retirees seeking a more affordable lifestyle than Stockholm.
Malmö sits just across the Øresund Strait from Denmark, offering residents easy access to Copenhagen via the 16-kilometer Öresund Link. This makes it a popular choice for both work and leisure commuters, who enjoy access to world-class shopping, dining, and nightlife.
Malmö is known for its pedestrian-friendly design, which makes it easy to navigate on foot. The city offers year-round cultural events, tranquil parks, and a vibrant food scene, which contribute to a relaxed yet active lifestyle.
Retirees can also enjoy a range of senior-friendly services, including healthcare facilities, social clubs, and recreational activities designed to foster a sense of community.
For those who love the water, Malmö’s coastal setting offers a peaceful backdrop for leisurely strolls along the harbor or enjoying the city’s many outdoor spaces. The mild climate and easy access to Sweden and Denmark make it a convenient and welcoming place to live.
How Much Does It Cost to Retire in Sweden?
According to Numbeo's Cost of Living Index, Sweden is the 25th most expensive country in the world. For comparison, the United States ranks 9th for the overall cost of living.
Rent and real estate prices in Sweden are about 10% lower than in the U.S. According to Numbeo, the average monthly cost of living for one person in a city center in Sweden ranges from $1,700 to $2,100, excluding rent. Outside of major cities, you can expect to pay between $1,450 and $1,800 per month without rent.
Here’s a snapshot of the average costs for everyday goods and services in Sweden as of July 2024:
- Three-course meal for two at a mid-range restaurant: $67-$83
- Monthly utilities (water, electricity, heating, and AC): $95-$115
- Monthly internet: $28-$34
- Monthly fitness club membership: $32-$40
- One-way public transit ticket: $3.00-$3.70
- Movie ticket: $12.65-$15.50
- Primary care doctor visit: $10-$30
- Specialist doctor visit: $20-$35
Read More: The Cost of Living in Sweden
Requirements for Foreigners to Retire in Sweden
EU citizens and citizens of Switzerland and EEA countries do not need a visa to retire in Sweden. However, they must obtain a residence permit upon arrival. If you are a citizen of any other country, you must apply for a visa to retire in Sweden.
Sweden does not have a specific “retirement visa,” but foreigners may be able to retire with a long-term visitor’s pass, permanent residency, or a visa granted for self-employment or starting a business.
It's important to ensure you have the appropriate visa or residence permit before entering the country.
Once you arrive in Sweden, you should visit the Swedish Migration Agency or consulate to apply for your residence permit. When you apply, you must provide proof of health insurance with a minimum coverage of $37,000 to cover any emergency medical expenses you may incur.
Read More: Moving to Sweden as an Expat
Can U.S. Citizens Retire in Sweden?
Yes, U.S. citizens can retire in Sweden, but you will need a long-stay visa or permanent residency to do so. As of 2023, around 24,000 U.S. immigrants live in Sweden, with some working and others enjoying their retirement.
Can Americans Still Collect Social Security After Retiring in Sweden?
Yes. As long as you are eligible for U.S. Social Security benefits, you can continue to receive monthly payments while living in Sweden. Payments will be deposited directly into your U.S. bank account.
Read More: Can You Live on Social Security While Living Abroad?
Will the Swedish Government Tax My U.S. Social Security?
No, you will not be taxed on your Social Security benefits in both countries. The U.S. and Sweden have a totalization agreement in place to ensure that U.S. citizens are not taxed twice on the same income.
Read More: Moving to Sweden from the U.S.
Do Retired Expats Qualify for Free Healthcare in Sweden?
Foreigners can access Sweden's public healthcare system, which offers comprehensive services, including doctor visits, hospital care, and specialist treatments.
However, the system typically requires a small co-payment for most services, and wait times for non-emergency care can sometimes be long. For this reason, it’s highly advisable for expats to have private global medical insurance while living in Sweden.
Private insurance offers several key benefits, including access to a broader network of medical providers, faster treatment with shorter wait times, and additional coverage for services not fully included in the public system, such as dental care and physiotherapy. These advantages give retirees more flexibility, quicker care, and peace of mind.
There are several great health plans to choose from, including:
IMG Global Medical Plan
- Four plan options and plus optional coverages
- Choice of the coverage areas and deductibles
- Freedom to choose your health care provider
Cigna Global Medical Plan
- Flexibility to tailor plans to suit your individual needs
- Access to Cigna Global’s network of trusted doctors
- Convenience and confidence of 24/7/365 customer service
Notably, U.S. citizens planning on moving to Sweden can also apply for the following plan:
Xplorer Worldwide Medical Plan
- Premium Benefits, Coverage and Service
- Define your deductible and prescription benefits
- For Foreigners in the US or US Citizens Abroad
You can read more about the various global medical plans available for foreigners in our article on health insurance in Sweden.
Does Sweden Accept Medicare Insurance?
No. Medicare is only valid within the United States and its territories, meaning it cannot be used to access healthcare services in Sweden.
If you are a U.S. retiree planning to live in Sweden, you will need to explore alternative health insurance options, such as private international plans or Sweden's public healthcare system, to cover your medical needs abroad.
Read More: Hospitals in Sweden
Ready to Embrace a Life of Nordic Charm?
Sweden’s pristine landscapes, clean air, excellent healthcare system, welcoming culture, and high quality of life make it an appealing destination for retirees and expats worldwide. If you're approaching retirement, this could be the perfect place to begin your exciting next chapter.
If you're planning to retire in Sweden, our comprehensive guides on retiring abroad and planning your retirement savings can help you navigate the process. Our expert insurance advice for retiring abroad will also help you choose the right coverage, understand how Medicare works overseas, and ensure you get the protection you need for a safe and secure retirement, no matter where you decide to live.
Find the Best International Insurance
- Compare multiple quotes and coverage options
- Work with an insurance expert at no additional cost
- Find the best plan for your needs and budget
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