The costs of living in Sweden for a student are estimated by the Swedish Migration Board to be SEK 8,568/month (2021). If you are required to have a residence permit before moving to Sweden, you need to show that you have this amount of money for each month you plan on studying in Sweden. If you do not show you can support yourself financially for your entire stay, the Swedish Migration Board will not grant you a residence permit. For more details about this process refer to Residence Permit.
The costs of living depend on where in Sweden you live. The living costs in Borås can in many areas be lower than in several other cities in Sweden, for example Stockholm.
This is an example of living expenses in Borås
Food: SEK 2300
Student accommodation: SEK 2500-4500
Clothing, hobby/leisure: SEK 1000
Local travel: SEK 500
Medical care and hygiene: SEK 300
Telephone: SEK 300
Course literature: SEK 700
Total monthly costs: SEK 8000-9600
Students should not plan on finding a job in Sweden to support themselves financially while studying. Opportunities for part-time work in Sweden are limited and most jobs require knowledge of Swedish. Although international students are allowed to work in Sweden, full-time studies require 40 hours of work a week and are difficult to combine with part-time work.
Read more about the cost of living (external link)