How Much Does It Cost to Live In Finland?
The Finns are proud of their splendid nature.
Everyone here has the right to enjoy forests, rivers, northern lights, fresh air, and clean water.
The country with the highest level of life is also known for its exclusive educational system.
Suomi is home to the happiest people in the world.
They host numerous concerts and festivals along with international conferences and meetings, fairs, and skiing competitions.
The cost of living in Finland is one of the highest in the world too.
Let us check the prices to understand why.
Finland : Cost of Living by City
RESTAURANTS
You will certainly find lots of restaurants and bars that you regularly visit in your native city.
Although, you will be certainly impressed with the Finnish home-based restaurants where the hosts will serve you food, drinks, and desserts.
The prices in all the establishments for public catering are similar.
MARKETS
The biggest and the best markets in Finland are located in big cities like Helsinki, Tampere, Kotka, etc.
They are all very neat and multicolored due to the variety of goods from vegetables and fruits to antique household items that people can buy there.
The best time to go to the market is early in the morning (there are a lot of fresh products) or at the end of the day (the prices are lower than usual).
TRANSPORTATION
The Finnish transport infrastructure is well-developed and you can use buses, cars, trains, planes, and ferries to travel around the cities or through the country.
Public transport offers monthly passes and fair discounts for students and kids.
The most popular means of transport are trams, buses, and subways.
UTILITIES (MONTHLY)
Despite being rich, the Finns are rather economical.
They can switch off the heating for the night and save a good deal of money on electricity if the heating depends on electricity.
Heating takes more than 50% of the sum of the bill.
The Finns save money on clean water since both cold and hot tap water is absolutely drinkable.
SPORTS & LEISURE
Finland is a sportive country and people here are striving to be fit and healthy.
The Finnish kids are involved in lots of sporting activities like football, gymnastics, ice hockey, and floorball.
Older people run, go to fitness clubs, or do physical exercises at home.
CLOTHING & SHOES
Along with the chain stores of the world’s popular brands, Finland is famous for the manufacturing of high-quality winter clothes and shoes, ski gear, home textile, and accessories.
The prices, as well as the quality of the clothes, are high but it is worth buying.
You can go shopping in the malls or order the goods of your interest online.
RENT PER MONTH
In Finland, you can find announcements about accommodation rent in the weekly newspapers and in the banks.
Many people are used to looking for apartments on the web, where the largest lists of flats are owned by agent firms.
Cost of Living Averages Table for Finland
*Note: All prices are indicated in USD.| Average Restaurant Prices | |
|---|---|
| Meal (Inexpensive Restaurant) | $13.05 |
| Domestic Beer (0.5 Liter) | $7.07 |
| Water (0.33 Liter) | $1.67 | Average Market Prices |
| Milk (1 Liter) | $1.07 |
| Loaf Bread (500g) | $2.40 |
| Eggs (12) | $2.73 | Average Transport Prices |
| One Way Ticket | $3.26 |
| Monthly Pass | $64.94 |
| Gasoline | $2.36 | Average Utilities Prices |
| Basic (Water, Electricity, Garbage, Heating, Cooling) | $122.78 |
| 1 min. of Prepaid Mobile Tariff Local | $0.07 |
| Internet (Unlimited Data, Cable/ADSL) | $23.04 | Average Leisure Prices |
| Fitness Club, Monthly Fee for 1 Adult | $41.36 |
| Tennis Court Rent (1 Hour) | $26.50 |
| Cinema, 1 Seat, International Release | $16.32 | Average Clothing Prices |
| 1 Pair of Jeans (Levis 501 Or Comparable) | $93.08 |
| 1 Summer Dress in a Chain Store (Zara, etc...) | $39.40 |
| 1 Pair of Adidas Walking Shoes (Mid-Range) | $88.64 | Average Rent Prices |
| Apartment (1 bedroom) in City Center | $875.65 |
| Apartment (1 bedroom) Outside of Center | $708.47 |
| Apartment (3 bedrooms) in City Center | $1386.71 |
How Does the Average Person Spend Their Money in Finland?
Markets and monthly rent are two items of expenditure that demand the most money from an average Finnish citizen.
Then there go restaurants and transportation expenses.
People spend the least money on clothing and shoes because they have local manufacturers producing high-quality things.
After all, the Finns prefer visiting restaurants, pubs, and saunas and often use local and private transport to get there.
The time spent at home costs 4.6% of people’s income.
They pay bills for water, electricity, garbage, heating, and housekeeping.
Average Costs Breakdown
Finland: Average Salary, Minimum Wage & Mortgages
Finland is a very attractive area for living in since it has a high level of living, a stable economy, and decent salaries.
An average monthly net salary is $2,767.58 which can be earned by either a local person or a foreigner.
The only difference is in the qualification – an educated specialist who meets the strict employer’s requirements can make much more than an average worker after school.
First and foremost, you should have a very good command of the Finnish and English languages and have a degree, as well as work experience.
The mortgage interest rate is one of the lowest in Europe and makes only 1.38% annually.
Finland Safety Overview
READ THE FULL REPORT: Finland Safety Review
Safety Index:
- OVERALL RISK: LOW
- TRANSPORT & TAXIS RISK: LOW
- PICKPOCKETS RISK: LOW
- NATURAL DISASTERS RISK: LOW
- MUGGING RISK: LOW
- TERRORISM RISK: LOW
- SCAMS RISK: LOW
- WOMEN TRAVELERS RISK: LOW
Cost of Living by City in Finland
| City | Cost of Living Index |
|---|---|
| Espoo | 73.78 |
| Helsinki | 80.6 |
| Tampere | 79.04 |
| Turku | 70.13 |
