Key Facts: Sweden vs Isle of Man Wages
- Sweden Minimum Wage
- No statutory minimum wage
- Isle of Man Minimum Wage
- £12.25/hr ($16.49 USD)
- Sweden Avg. Gross Monthly Salary
- kr40,000 /mo ($4,317.74 USD)
- Isle of Man Avg. Gross Monthly Salary
- £4,025.67 /mo ($5,420.32 USD)
- Data Sources
- Medlingsinstitutet (Swedish National Mediation Office) (2026-02-24), Isle of Man Government — Employment Rights (2026-03-12)
Sweden 
Isle of Man
Updated 2026-03-12
Sweden has no statutory minimum wage, while Isle of Man sets a floor of $16/hr. Average salaries are lower in Sweden at $4,318/mo compared to $5,420/mo in Isle of Man.
Detailed Comparison
| Metric | Sweden | Isle of Man |
|---|---|---|
| Minimum wage /hr | None | £12.25 $16.49 |
| Minimum wage /mo | None | £2,123.33 $2,858.93 |
| Minimum wage /yr | None | £25,480 $34,307.26 |
| Avg. gross salary /mo | kr40,000 /mo $4,317.74 | £4,025.67 /mo $5,420.32 |
| Avg. net salary /mo | kr30,000 /mo $3,238.31 | N/A/mo |
| Median individual income /yr | kr367,000 /yr $39,615.29 | £39,780 /yr $53,561.33 |
Percentage differences are based on USD equivalent values. Positive means Sweden is higher.
Work Week
- Sweden
-
40 hrs/wk standard
Max 48 hrs/wk
Standard workweek is 40 hours (Working Hours Act / Arbetstidslagen). Maximum overtime is 48 hours over 4 weeks or 200 hours per calendar year. Overtime compensation is determined by collective agreements, not statute. Many agreements provide overtime at 150-200% of normal pay. EU Working Time Directive limits average to 48 hrs/week.
- Isle of Man
-
40 hrs/wk standard
Max 48 hrs/wk
Overtime : 1.5x pay
Standard workweek is 40 hours. Employment law broadly follows UK principles with local variations.
See this comparison from Isle of Man's perspective: Isle of Man vs Sweden
Compare Sweden with...
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Sweden vs India ₹ 4,576 /mo 
Sweden vs Japan ¥ 1,121 /hr 
Sweden vs France € 12.02 /hr 
Sweden vs South Korea ₩ 10,320 /hr 
Sweden vs Canada C$ 18.1 /hr 
Sweden vs Australia A$ 24.95 /hr 
Sweden vs Brazil R$ 7.37 /hr 
Sweden vs Russia ₽ 156.31 /hr 
Sweden vs Mexico MX$ 9,583.52 /mo 
Sweden vs Indonesia Rp 33,058 /hr 
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Sweden vs Saudi Arabia ﷼ 23.08 /hr 
Sweden vs Turkey ₺ 164.94 /hr 
Sweden vs Taiwan NT$ 190 /hr 
Sweden vs Switzerland 
Sweden vs Poland zł 31.4 /hr 
Sweden vs Thailand ฿ 10,400 /mo 
Sweden vs Argentina ARS 1,762 /hr 
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Sweden vs Norway Frequently Asked Questions
Is the minimum wage higher in Sweden or Isle of Man?
In Sweden, the minimum wage is no statutory minimum wage. In Isle of Man, it is £12.25/hr ($16.49 USD).
How much less does the average worker earn in Sweden compared to Isle of Man?
The average gross salary in Sweden is kr40,000/mo ($4,317.74 USD), compared to £4,025.67/mo ($5,420.32 USD) in Isle of Man. In USD terms, workers in Sweden earn approximately 26% less. Average salaries reflect the full labor market, not just the minimum wage floor. The gap between Sweden and Isle of Man is shaped by differences in industry composition, labor productivity, and the overall cost of living in each country. Workers in Isle of Man earn more in nominal terms, though how far that income stretches depends on local prices in Sweden.
How do work hours compare between Sweden and Isle of Man?
Both Sweden and Isle of Man mandate a similar standard work week of 40 hours. When work hours are equal, the country with the higher minimum wage delivers proportionally higher weekly earnings. Standard work week rules set the baseline; actual hours worked often differ based on industry norms and individual employment contracts.