Examples of approximate monthly salaries

  • IT specialist 4 500 €
  • Clerical support worker 2 700 €
  • Bus and tram driver 2 200 €
  • CNC machinist and operator 2 700 €
  • Cleaner, domestic or office 2 000 €
  • Teacher and Kindergarten teacher 2900 €
  • Shop sales person 2 400 €
  • Medical nurse 2 900 €
  • General Doctor 6 600 €
  • Carpenter 2 800 €

Most common monthly earnings of full time wage and salary earners 2500 € in 2017. (next update later in 2019)
Source: Statistics Finland (www.stat.fi)

Costs of living

The cost of living in Finland is on average comparable to the rest of Northern Europe.

  • Kindergarten 24 – 264 €/month
  • Cinema ticket 10 – 15 €
  • Petrol 95 E/ 1litre 1,52 €
  • Train and bus trip 160 km 10 – 20 €
  • Coffee 0,5 kg 3,95 €
  • Bananas 1 kg 1,44 €
  • Minced meat Beef ) 1 kg 9,95
  • Butter 1 kg 3,03 €
  • Oranges 1 kg 1,66 €
  • Library free of charge

Source: Statistics Finland, National Consumer Research Centre www.stat.fi ) 2018

Taxation in Finland

Progressive income tax

  • Local taxes vary from one municipality to the other 16 – 23 %
  • Church taxes for members of the Lutheran/Orthodox church 1 – 2 %
  • Compulsory social security payments 7 %

Work in Finland less than 6 months

  • Flat tax at source 35% or apply for progressive income tax
  • Before collecting tax your employer may deduct 17 €/day for taxes

Entrepreneurs

  • Income tax on capital income (i.e. investment income) 30 % paid to State. The tax rate on capital income exceeding 30 000 euro is 34

Source: www.vero.fi

Accommodation

  • Housing expences are approximately 30 – 40 % of income
  • In rented accommodation in addition to the rent you also pay for the costs for water and electricity
  • Average rent for a two room in old block of flats (50 m²): 640 €/ month, 12,80 €/ m² (out of Helsinki metropolitan)
  • Average price for a two room in old block of flats (50m²) 80 000 €, 1600 €/m² (out of Helsinki metropolitan)
  • In Helsinki metropolitan area the prices are about twice the above
  • Finding accommodation e.g asunnot.oikotie.fi, Vuokraovi.com, etuovi.com

Source: Statistics Finland 2018